reconcile

Intermediate 💰 Finance / Accounting

Definition

To make your financial accounts stop lying to each other by adjusting numbers until debits and credits agree. It's accounting's version of couples therapy—painful but necessary.

Example Usage

The accountant had to reconcile the bank statement with the general ledger, discovering a missing $47.82 that would haunt them for months.

Source: Common accounting terminology, Merriam-Webster

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