{"id":483,"date":"2020-09-10T12:00:28","date_gmt":"2020-09-10T12:00:28","guid":{"rendered":"https:\/\/pretty-books.com\/blog\/?p=483"},"modified":"2020-09-16T23:36:25","modified_gmt":"2020-09-16T23:36:25","slug":"balance-sheet-reconciliation","status":"publish","type":"post","link":"https:\/\/prettybooks.com\/magazine\/2020\/09\/10\/balance-sheet-reconciliation\/","title":{"rendered":"Balance Sheet Reconciliation"},"content":{"rendered":"

Balance Sheet Reconciliation<\/h1>\n

Noun. [\u00a0bal<\/span>–uh<\/span>ns\u2022sheet\u2022rek-uh<\/span>n-sil-ee-ey<\/span>-shuh<\/span>n]<\/h5>\n
    \n
  1. Accrued Dictionary definition:<\/strong> A regular health check-up to make sure a company\u2019s systems are working together and running smoothly. An accountant checks each and every system, from the cardiovascular to the digestive, to make sure that if something needs extra care they can provide it. The check-up takes expertise, since an accountant must not only diagnose a patient in need, but nurse them back to health and provide tips on nutrition and recovery.<\/li>\n<\/ol>\n

    \u00a0 \u00a0 \u00a0\/\/ \u201dThe doctor said our balance sheet reconciliation came back healthy and we\u2019re on the right track.\u201d<\/em><\/p>\n

      \n
    1. Textbook definition: <\/strong>Balancing the amount on your balance sheet, general ledger, and accounts and the details that make up those balances, while ensuring that any differences are adequately and reasonably explained.<\/li>\n<\/ol>\n

      \u00a0 \u00a0 \u00a0\/\/ \u201dThe accountant performed a balance sheet reconciliation to ensure the accuracy of its financial statements.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

      So your accountant is talking about “balance sheet reconciliation.” She tells you it means “a balancing of the amount on your balance sheet GL accounts and the details that make up those balances, while ensuring that any differences are adequately and reasonably explained.” Here’s what she really means when she says, “balance sheet reconciliation.”<\/p>\n","protected":false},"author":7,"featured_media":1009,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":[],"categories":[28],"tags":[],"yoast_head":"\nBalance Sheet Reconciliation - Pretty Books Magazine<\/title>\n<meta name=\"description\" content=\"So your accountant is talking about "balance sheet reconciliation." She tells you it means "a balancing of the amount on your balance sheet GL accounts and the details that make up those balances, while ensuring that any differences are adequately and reasonably explained." Here's what she really means when she says, "balance sheet reconciliation."\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prettybooks.com\/magazine\/2020\/09\/10\/balance-sheet-reconciliation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Balance Sheet Reconciliation - Pretty Books Magazine\" \/>\n<meta property=\"og:description\" content=\"So your accountant is talking about "balance sheet reconciliation." She tells you it means "a balancing of the amount on your balance sheet GL accounts and the details that make up those balances, while ensuring that any differences are adequately and reasonably explained." Here's what she really means when she says, "balance sheet reconciliation."\" \/>\n<meta property=\"og:url\" content=\"https:\/\/prettybooks.com\/magazine\/2020\/09\/10\/balance-sheet-reconciliation\/\" \/>\n<meta property=\"og:site_name\" content=\"Pretty Books Magazine\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-10T12:00:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-16T23:36:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/prettybooks.com\/magazine\/wp-content\/uploads\/2020\/09\/pb_dictionary-balance-sheet.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@yak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mackenzie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/prettybooks.com\/magazine\/#organization\",\"name\":\"PrettyBooks\",\"url\":\"https:\/\/prettybooks.com\/magazine\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/prettybooks.com\/magazine\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/prettybooks.com\/magazine\/wp-content\/uploads\/2022\/05\/pblogo.png\",\"contentUrl\":\"https:\/\/prettybooks.com\/magazine\/wp-content\/uploads\/2022\/05\/pblogo.png\",\"width\":226,\"height\":52,\"caption\":\"PrettyBooks\"},\"image\":{\"@id\":\"https:\/\/prettybooks.com\/magazine\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/prettybooks.com\/magazine\/#website\",\"url\":\"https:\/\/prettybooks.com\/magazine\/\",\"name\":\"Pretty Books Magazine\",\"description\":\"A collection of knowledge, stories, and insights into today\u2019s accounting world.\",\"publisher\":{\"@id\":\"https:\/\/prettybooks.com\/magazine\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/prettybooks.com\/magazine\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/prettybooks.com\/magazine\/2020\/09\/10\/balance-sheet-reconciliation\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/prettybooks.com\/magazine\/wp-content\/uploads\/2020\/09\/pb_dictionary-balance-sheet.png\",\"contentUrl\":\"https:\/\/prettybooks.com\/magazine\/wp-content\/uploads\/2020\/09\/pb_dictionary-balance-sheet.png\",\"width\":1000,\"height\":600,\"caption\":\"Illustration by Dean Krueger\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/prettybooks.com\/magazine\/2020\/09\/10\/balance-sheet-reconciliation\/#webpage\",\"url\":\"https:\/\/prettybooks.com\/magazine\/2020\/09\/10\/balance-sheet-reconciliation\/\",\"name\":\"Balance Sheet Reconciliation - 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