Reconciled Accounting is the process of confirming that all bookkeeping and financial records are in sync and match up with external sources. It ensures that all figures used by an organization or business reflect accurate and correct information regarding income, expenses, and transactions. By regularly reconciling accounts, businesses can identify discrepancies quickly and prevent any issues from impacting their bottom line. Reconciled Accounting helps to bring clarity to an organization’s financial situation and ensure accuracy for key stakeholders such as investors, creditors, and auditors.