what does bank account mean
In accounting, reconcile means to compare two sets of records to make sure they are in agreement. One of those sets of records is usually a bank account or other type of financial account, and the other set of records is usually your accounting records.econciliations. Bank reconciliations are the most common type of reconciliation. To ensure accurate accounting records, perform reconciliations on all your financial accounts. Compare each transaction in your financial statement with the same transaction in your accounting records.