Reconciliation

Meaning

Reconciliation is the process of comparing your bank statements with your accounting. This is also called bank reconciliation.

Key points

• Reconciliation appears frequently in invoicing, payment handling, and bookkeeping workflows.
• The term improves clarity between clients, suppliers, and accounting teams.
• Consistent use supports cleaner documentation and better reporting quality.

Practical use

In Nexbal workflows, reconciliation is used to keep invoice and payment operations structured and auditable.