What is Account Reconciliation?
What does 'Account Reconciliation' mean?
Reconciliation is the check that a balance recorded in the general ledger agrees with the supporting evidence behind it, such as a bank statement, a subledger, or a schedule of open items. Differences are investigated and explained or corrected before the books are considered final. It is a routine control against errors, omissions, and fraud.
List of software with Account Reconciliation functionality
About the reviewer
Rajat Gupta is the founder of Spotsaas. Over the past two years, he has reviewed 2,000+ tools across CRM, HR, AI, and finance — applying hands-on product research and a background in commerce and the CFA program to evaluate software through a business and ROI lens. His goal: help teams make software decisions they won't regret.
Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].