What is Intercompany reconciliation? Intercompany reconciliation is the process of matching and resolving differences between the books of two or more companies that are related to one another. The purpose
What is Customer Reconciliation? Customer reconciliation is the process of comparing customer records between two systems to ensure accuracy and completeness. This can be done manually or through automated means.
What is vendor Reconciliation? A vendor reconciliation is a process of comparing the vendor’s records with the company’s records to ensure that all invoices have been accounted for and paid.
Different types of reconciliation There are 5 types of reconciliations: Bank Reconciliation Business-Specific Reconciliation Intercompany Reconciliation Customer Reconciliation Vendor Reconciliation
Types of Credit card reconciliation There are 2 types of CC reconciliation. Credit Card Statements: A credit card statement is a monthly report that shows all the activity on