Kamus AI
Reconciliation
Matching two records of the same transactions, then explaining every difference.
A bank reconciliation matches bank statement movements against the cash book or general ledger. The goal is a list of differences, each with an explanation: deposits in transit, uncleared cheques, bank charges not yet recorded, or posting errors. A plain "matches" or "does not match" is not enough. AI can help lay out the matching and group the differences, but every line is still ticked by a person who checks it against the source document.
Also called: Reconciliation, bank reconciliation, matching