What is a bankafstemning (bank reconciliation)?

In short

A bank reconciliation is the check that the entries in the books match the movements on the bank account — krone for krone.

In practice

Reconciliation catches missing receipts, duplicates and errors. At Numina the bank is connected directly, so it happens continuously and automatically.

Related terms

• Bogføring
• Likviditet (liquidity)
• See every term in the dictionary

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