oboloo Glossary

Automated Credit Card Reconciliation

oboloo Glossary

Automated Credit Card Reconciliation

Automated Credit Card Reconciliation is an accounting process that involves verifying, matching, and reconciling data between a company’s bank statement, credit card payments, and general ledger accounts. This process helps organizations ensure accuracy when reconciling accounts and limits manual errors. By using automated credit card reconciliation, businesses can save time and money by streamlining their processes and decreasing the amount of time spent on manual tasks. Automated Credit Card Reconciliation is essential for organizations to stay compliant with financial regulations and to continuously monitor their financial health.