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Financial statements & accounting records · Core

Bank reconciliation

Also called: bank rec

ELI5

Matching accounting records with bank statements and resolving differences.

Used in conversation

“Can we circulate bank reconciliation with the assumptions and open questions marked?”

Pitch context

You will see “Bank reconciliation” in financial models, budgets, board packs and investor materials when the discussion reaches financial statements & accounting records.

Why it matters: It helps a reader interpret financial statements & accounting records without confusing the measure, decision, role or evidence being discussed.

When the words have to travel

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Sources & evidence · 4

Direct term-level sources and supporting source families.