oboloo

oboloo Glossary

Accounting Data Reconciliation

oboloo Glossary

Accounting Data Reconciliation

Accounting data reconciliation is the process of ensuring accuracy in financial reporting. It involves verifying the accuracy between different systems and sources of data that are associated with accounting. This ensures that all information is accurate, up-to-date, and ready for use in reporting processes. Accounting data reconciliation can involve manual or automated processes to check data accuracy, such as comparing totals between accounts, checking balances, and validating numbers against expected results. The end goal of this process is to guarantee an organization’s financial records are accurate and provide an accurate reflection of the company’s performance.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971