Assertion: account reconciliation | /r/HasProperty | process
Facets:
value: according to gaap
type: OTHER
value: of tallying
type: OTHER
value: to make
type: PURPOSE
value: of verifying
type: MANNER
Source sentences:
text: According to GAAP, account reconciliation is a process that is performed through account conversion or double-entry accounting.
text: Account reconciliation is the process of comparing internal financial records against monthly statements from external sources—such as a bank, credit card company, or other financial institution—to make sure they match up.﻿﻿ Knowing how to reconcile your accounts accurately is essential for the financial health of your business, as it helps to detect any errors, discrepancies, or fraud.
text: According to GAAP, account reconciliation is a process that is performed through account conversion or double-entry accounting.
text: Account reconciliation is the process of comparing the debit and credit balances of an account, and of verifying or tallying the account.