Investopedia Video: Reconciliation

Reconciliation is an accounting process in which two sets of records are compared to make sure that the figures are in agreement. These sets of records are usually account balances. In simpler terms, reconciliation is a process that confirms whether the money leaving an account is the same amount that is spent.

[BigDickEnergy]

This video was really realistic, the reaction of the man would be mine too, and the restaurant dennying it.

Congratulations to Investopedia, you spread not only information but makes art too!!!

[darkmatternc]

Finally a simple explanation- thank you

[MsWaterlife]

much appreciated and whole heartedly thanking you for such an amazing video. even an non financial dummy can understand . thankyou sir

[DantheAuthor]

This is the manifestation of my family - except, like Black US, I'm betting that the restaurant would refuse to repay the discrepancy. My household is filled with the pulling of hair over such things, Most of our outstanding charges take months to resolve if ever - companies seem to be extremely basin and reluctant to provide refunds no matter how blatant their proverbial theft was.