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Glossary beginning with R

Click one of the letters above to be taken to a page of all terms beginning with that letter.




The process of agreeing accounting entries from one source, with entries from another source. 
The most common reconciliation is a bank reconciliation, which matches transactions posted against a bank account with the statement received from the bank.

An amount of money retained by a customer for a specified period of time after a service has been provided, to ensure that if anything should subsequently go wrong then it will be rectified.


Goods returned to the business by a customer, or by the business to a supplier.