täsmäytymää
Täsmäytymä, often translated as reconciliation or matching, is a process in accounting and finance used to ensure that two sets of records, or data points, agree. This is crucial for maintaining accuracy and integrity within financial systems. The most common application of täsmäytymä is in bank reconciliations, where a company's internal cash records are compared with its bank statement. Differences might arise due to unrecorded transactions, such as outstanding checks, deposits in transit, bank fees, or interest income. The goal of the reconciliation is to identify these discrepancies and make the necessary adjustments to both sets of records so they align.
Beyond bank reconciliations, täsmäytymä is also applied to other areas. For instance, it can be used to