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Glossary

Bank reconciliation

Proving that your books and your bank statement tell the same story.

The process of comparing your books against your bank statement and explaining every difference, usually monthly. It's how errors, missed transactions, and fraud get caught.

In Bizdivers: synced transactions match automatically, months close in order with rolled-forward balances, and a finished reconciliation needs a second person's sign-off. See Reconcile your bank, and prove it.