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Dictionary by pitch.dog
Financial statements & accounting records · Core

Reconciliation

Also called: account reconciliation

ELI5

Comparison of records or balances to identify and resolve differences.

Used in conversation

“Can you walk me through how reconciliation works in the model?”

Pitch context

You will see “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.

Connected terms

  • ReconciliationThe same visible label “Reconciliation” names different concepts.
When the words have to travel

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Sources & evidence · 4

Direct term-level sources and supporting source families.