Accounting Software Glossary |
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The accounting software glossary is a glossary of words and phrases related to accounting software and is provided entirely as-is and without warranty. Please feel free to make use of the definitions of accounting software terms contained herein, provided you quote your source or, if used online, provide a link back to the accounting software glossary. |
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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Definition of Reconciling |
Reconciling is the process of pairing off entries in two corresponding accounts to identify any discrepancies for correction, and the correction of those discrepancies. Most accounting software provides a function for reconciliation, for example to ensure that bank account records in the company accounts correspond to bank statements provided by the bank.Other accounting software terms beginning with R |
| Raw Materials |
| Manufacturers purchase raw materials in order to p... |
| Real accounts |
| Real accounts are the accounts, including asset ac... |
| Realisation principle |
| Realisation principle states that revenue should o... |
| Rebate |
| A rebate is a reduction to fees or a refund of par... |
| Receipt |
| A written acknowledgment to confirm a payment of a... |