What is reconciliation?
The process of confirming that two related sets of records agree, such as tying a balance sheet account to its supporting detail. Controllers reconcile balance sheet accounts as part of the close, and the enhancement instructions ask the model to confirm that all financial statements and supporting schedules reconcile.
Where you will use it: this term comes up in the Applied AI for Finance and Accounting course, and the full course glossary collects every term in one place.
Related terms
From the free Applied AI for Finance and Accounting course by Devon Coombs, CPA, MBA.