täsmäyksen

Täsmäys is a Finnish term that translates to "reconciliation" or "matching" and is commonly used in accounting and financial contexts. It refers to the process of verifying that two sets of records or data agree with each other. This typically involves comparing transactions, balances, or other financial information to identify any discrepancies.

The primary goal of täsmäys is to ensure the accuracy and integrity of financial data. By regularly performing reconciliation, organizations can detect errors, omissions, or fraudulent activities promptly. This process is crucial for maintaining reliable financial statements and supporting sound business decisions.

Common examples of täsmäys include bank reconciliation, where a company's internal cash records are compared with bank statements to identify differences. Accounts payable and accounts receivable reconciliations are also vital, ensuring that amounts owed to and by the company are correctly recorded. Inventory reconciliation involves matching physical stock counts with inventory records.

The process of täsmäys often involves detailed examination of individual transactions, matching them against supporting documentation such as invoices, receipts, and statements. Any differences found are investigated, and adjustments are made to bring the records into agreement. This meticulous approach is fundamental to good financial management and compliance.