Account Reconciliation Process is an essential part of any business, enabling organisations to accurately track and report their financial performance. It involves comparing two different sets of records to verify that balances from both sources agree with each other. This could include reconciling bank accounts or vendor payments, as well as reconciling customer invoices against transactions in the general ledger. In effect, it’s a process of double-checking financial records to make sure everything is correct and that no discrepancies exist. By ensuring account reconciliation is carried out on a regular basis, organisations can be more confident in the accuracy of their financial data.