Comparing records and investigating differences so balances or transactions can be accounted for.
Reconciliation checks whether records agree and accounts for differences between them. In a bank reconciliation, staff compare statement entries with accounting transactions, identify matches and investigate items that remain unmatched. A difference may require an explanation or a correction, depending on its cause. Matching software can assist by applying defined rules or tolerances, but an apparent match still depends on the records and criteria used. The aim is an explained balance or transaction record, rather than simply forcing two totals to show the same number.
In job listings
Rimowa’s Junior Accountant role in Cambridge required bank and revenue reconciliations alongside support for month-end close and inventory valuation. These tasks appeared within a broader responsibility for maintaining accurate accounting records, making reconciliation a defined part of the role’s financial checking work. Search local jobs for “accountant”.
