What is another word for balances account?

Pronunciation: [bˈalənsɪz ɐkˈa͡ʊnt] (IPA)

Balances account is commonly referred to as reconciling an account. It involves verifying the accuracy of financial transactions recorded in a company's financial statements. Synonyms for balances account include: reconciles, verifies, settles, checks, balances, tunes, matches, adjusts, rectifies, and regulates. It is an essential task in every accounting department to ensure the accounts are up to date and reconciled with the bank statements, invoices, and other financial records. By balancing accounts, errors can be detected and corrected, and it enables the organization to have an accurate overview of their financial standing. So, whether you are a business owner or an accountant, it's important to know the synonyms for the phrase balances account to ensure you are accurately maintaining your financial records.

What are the hypernyms for Balances account?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the opposite words for balances account?

The antonyms for the phrase "balances account" could pertain to scenarios where account balances are not accurately calculated or maintained. Some possible antonyms include neglecting, disregarding, or overlooking account balances. These actions could result in financial discrepancies or inaccuracies regarding a specific account or multiple accounts. Neglecting or ignoring to balance accounts can lead to financial instability and prevent sound decision-making based on accurate account data. Financial responsibilities and obligations must be met through precise accounting to ensure proper management and maintenance of funds. Incorrect or incomplete account balances can lead to negative financial consequences, explaining why accurately balancing accounts is essential.

What are the antonyms for Balances account?

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