What is meant by 'Reconcile'??

Discussion in 'iPhone' started by hakuna-matata, Dec 25, 2011.

  1. hakuna-matata macrumors 6502

    Joined:
    Sep 25, 2011
    #1
    In lot of finance apps in apple app store, there is an option to 'reconcile'? In 'Iexpenseit', there is option to turn it on/off.. whats the use of this option??:confused::confused: can somebody plz explain it in detail...thnx in adv.
     
  2. hakuna-matata thread starter macrumors 6502

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    Sep 25, 2011
    #3
  3. takeshi74 macrumors 601

    Joined:
    Feb 9, 2011
    #4
    Reconciling has the same meaning regardless of app or if you're using a paper register. It's the process of ensuring that what's in the app/register matches your financial institution's/institutions' records. Have you never reconciled your check register?
     
  4. hakuna-matata thread starter macrumors 6502

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    Sep 25, 2011

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