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  2. Reconciliation (accounting) - Wikipedia

    en.wikipedia.org/wiki/Reconciliation_(Accounting)

    In accounting, reconciliation is the process of ensuring that two sets of records (usually the balances of two accounts) are in agreement. It is a general practice for businesses to create their balance sheet at the end of the financial year as it denotes the state of finances for that period.

  3. What is a bank reconciliation statement? - AOL

    www.aol.com/finance/bank-reconciliation...

    Bottom line. A bank reconciliation statement is important in managing your busines finances.This document can help ensure that your bank account has a sufficient balance to cover company expenses.

  4. Bank reconciliation - Wikipedia

    en.wikipedia.org/wiki/Bank_reconciliation

    A bank reconciliation statement is a statement prepared by the entity as part of the reconciliation process' which sets out the entries which have caused the difference between the two balances. It would, for example, list outstanding cheques (ie., issued cheques that have still not been presented at the bank for payment).

  5. Balance sheet - Wikipedia

    en.wikipedia.org/wiki/Balance_sheet

    In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.

  6. Quicken Interchange Format - Wikipedia

    en.wikipedia.org/wiki/Quicken_Interchange_Format

    Set the file type to Excel before printing. Rename the extension of the resulting file from PRN to CSV. Use this XL2QIF Excel macro to convert to QIF. The Excel file may need to be reorganized to generate the appropriate format for the macro to work, such as separating cheque accounts from term deposits, etc.

  7. How to consolidate debt without hurting your credit

    www.aol.com/finance/consolidate-debt-without...

    Faster debt repayment: The main advantage of consolidating debt is combining multiple monthly payments into a single monthly payment. This allows you to direct your payments to a single source.

  8. General ledger - Wikipedia

    en.wikipedia.org/wiki/General_ledger

    The general ledger should include the date, description and balance or total amount for each account. Because each bookkeeping entry debits one account and credits another account in an equal amount, the double-entry bookkeeping system helps ensure that the general ledger is always in balance, thus maintaining the accounting equation:

  9. Debtor - Wikipedia

    en.wikipedia.org/wiki/Debtor

    A debtor or debitor is a legal entity (legal person) that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower.

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