Here are our four key takeaways, and a welcome update, that we took from the FIA IDX conference in London last month.
What is Reconciliation
Reconciliation is the process of comparing financial records to ensure that different sources such as bank statements, transactions and accounting books, all have the same data. Finance reconciliations ensure accuracy and consistency, as well as the integrity and reliability of financial data.
What is Reconciliation in Finance
Reconciliation in finance refers to the process of comparing and aligning financial records from different sources, such as bank statements, transaction records, and accounting books. It is essential for ensuring accuracy and consistency, and the integrity and reliability of financial data.