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In accounting, Reconciliation refers to the process of ensuring that two sets of records (usually the balances of two accounts) are in agreement. Reconciliation is used to ensure that the money leaving an account matches the actual money spent. This is done by making sure the balances match at the end of a particular accounting period.〔Jean Scheid, ("Understanding Balance Sheet Account Reconciliation" ), Bright Hub, 8 April 2011〕 == Definiton == The following two definitions are defined by Oxford Dictionary of Accounting i) “A procedure for confirming that the balance in a chequebook matches the corresponding bank statement. This is normally done by preparing a bank reconciliation statement.〔Owen, G. and Law, J. (2005). A dictionary of accounting. Oxford: Oxford University Press.〕 ii) A procedure for confirming the reliability of a company’s accounting records by regularly comparing (of transactions ). An account reconciliation may be prepared on a daily, monthly, or annual basis.”〔Owen, G. and Law, J. (2005). A dictionary of accounting. Oxford: Oxford University Press.〕 GAAP (The Generally Accepted Accounting Principles) are a set of accounting principles, procedures and standards that organisations use in order to compile their financial statements. GAAP states that the purpose of account reconciliation is to provide accuracy and consistency in financial accounts. To ensure all cash outlays and inlays match between cashflow statements and income statements it is necessary to carry out reconciliation accounts.〔Investopedia, (2003). Generally Accepted Accounting Principles (GAAP) Definition | Investopedia. () Available at: http://www.investopedia.com/terms/g/gaap.asp#ixzz3qTbiuFxO (3 Nov. 2015 ). 〕 Reconciliation is a process that may benefit businesses as this may help avoid balance sheet errors which may have led to detrimental ramifications, in addition reconciliation may help against fraud and can help instil financial integrity. Accounting software is one of a number of tools that organisations use to carry out this process thus eliminating errors and therefore making accurate decisions based on the financial information. Reconciliation of accounts determines whether transactions are in the correct place or should be shifted into a different account. Reconciliation in accounting is not only important for businesses, but may also be convenient for households and individuals. It is prudent to reconcile credit card accounts and chequebooks on a regular basis, for example. This is done by comparing debit card receipts or check copies with a persons bank statements. The benefits of reconciling: * mitigates mistakes which has been made by financial institutions or if there have been any fraudulent withdraws from an account. * helps create an overall image on spending and helps access if a person is overspending on fees. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Reconciliation (accounting)」の詳細全文を読む スポンサード リンク
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