täsmäyksestä

Täsmäys is a Finnish term that translates to reconciliation or matching. In a financial context, täsmäys refers to the process of comparing and verifying financial records from different sources to ensure accuracy and identify any discrepancies. This is a crucial step in accounting and financial management for individuals and businesses alike.

The core principle of täsmäys is to confirm that two sets of records agree. Common examples include bank reconciliation, where a company's internal cash records are compared with the bank statement, or reconciling accounts payable and receivable records. The goal is to detect errors, such as unrecorded transactions, duplicate entries, or incorrect amounts, and to correct them promptly.

The process typically involves gathering all relevant documents, such as invoices, receipts, bank statements, and internal ledgers. These documents are then systematically compared, often line by line. Any differences found are investigated to determine their cause. Once identified, the discrepancies are adjusted through journal entries or other appropriate accounting procedures.

Regular täsmäys helps maintain the integrity of financial data, facilitates better decision-making based on accurate information, and is often a requirement for audits and regulatory compliance. It is a fundamental practice for ensuring financial health and transparency.