Financial statements & accounting records · Core
Reconciliation
Also called: account reconciliation
ELI5
Comparison of records or balances to identify and resolve differences.
Used in conversation
“Can you walk me through how reconciliation works in the model?”
Pitch context
You will see “Reconciliation” in financial models, budgets, board packs and investor materials when the discussion reaches financial statements & accounting records.
Why it matters: It helps a reader interpret financial statements & accounting records without confusing the measure, decision, role or evidence being discussed.
Connected terms
- ReconciliationThe same visible label “Reconciliation” names different concepts.
Sources & evidence · 4
Direct term-level sources and supporting source families.
- IFRS Foundation — IFRS GlossaryDirect source · primary · checked 2026-08-16
- Financial Accounting Standards Board — FASB Accounting Standards CodificationDirect source · primary · checked 2026-08-16
- U.S. Small Business Administration — Break-even pointSupporting source family · primary · checked 2026-08-16
- U.S. Securities and Exchange Commission — Non-GAAP Financial Measures — Compliance and Disclosure InterpretationsSupporting source family · primary · checked 2026-08-16