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דוח התאמה

English translation: reconciliation statement

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Hebrew term or phrase:דוח התאמה
English translation:reconciliation statement
Entered by: Yoram Izsak

17:28 Jun 19, 2021
Hebrew to English translations [PRO]
Accounting
Hebrew term or phrase: דוח התאמה
Hi,
I've encountered Reconciliation Statement and Adjustment Statement as a translation of the above term. I'm not sure I understand the difference between them. Is there? Are these two terms interchangeable?
Thanks!
yanm
Local time: 06:03
reconciliation statement
Explanation:
The term 'reconciliation' is used when comparing data, for example explaining the difference between the cash balance in the financial statements and the actual bank balance. The term 'adjustment' is used when making an adjustment/correction of data/figures, for example adjusting the taxable income due to inflation.
Selected response from:

Yoram Izsak
Israel
Local time: 06:03
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +1reconciliation statement
Yoram Izsak


  

Answers


32 mins   confidence: Answerer confidence 5/5 peer agreement (net): +1
reconciliation statement


Explanation:
The term 'reconciliation' is used when comparing data, for example explaining the difference between the cash balance in the financial statements and the actual bank balance. The term 'adjustment' is used when making an adjustment/correction of data/figures, for example adjusting the taxable income due to inflation.

Example sentence(s):
  • The reconciliation statement helps identify differences between the bank balance and book balance, in order to process necessary adjustments or corrections. An accountant typically processes reconciliation statements once a month.

    Reference: http://https://www.investopedia.com/terms/b/bankreconciliati...
Yoram Izsak
Israel
Local time: 06:03
Specializes in field
Native speaker of: Native in HebrewHebrew
PRO pts in category: 32
Notes to answerer
Asker: Thanks a lot!


Peer comments on this answer (and responses from the answerer)
agree  Sergio Kot
15 hrs
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