Glossary · Accounting tools
Reconciliation
Also said as
bank reconciliationreconcilingaccount reconciliation
Reconciliation is checking that what your books say matches what your bank says — every transaction accounted for, nothing missing or duplicated.
Why it matters to your business
It's the chore that catches errors before they compound, and it's where AI helps most in accounting: auto-matching simple transactions frees the hours users report saving each week.
The catch · what vendors don't say
AI reconciles the clean cases and chokes on the messy ones — the exceptions still need a human, which is exactly when you find out what the tool actually did.
