Bank reconciliation

Meaning

Is the process of checking that the transactions in your bank account matches with your accounting.

Key points

• Bank reconciliation appears frequently in invoicing, payment handling, and bookkeeping workflows.
• The term improves clarity between clients, suppliers, and accounting teams.
• Consistent use supports cleaner documentation and better reporting quality.

Practical use

In Nexbal workflows, bank reconciliation is used to keep invoice and payment operations structured and auditable.