Balance reconciliation ensures accuracy and matches internal records with external statements to detect discrepancies and maintain reliable financial data.
Invoice reconciliation verifies invoices against purchase orders and receipts to ensure accurate billing, prevent errors, and approve correct payments efficiently.
Transaction reconciliation compares internal records with external statements to ensure accuracy, detect errors, and maintain financial integrity.
Cash reconciliation ensures all cash transactions match between internal records and bank statements, helping detect errors, fraud, or discrepancies.
