reconciliation definition real estate

Learn the reconciliation definition in real estate and its importance in managing property finances. In real estate, reconciliation refers to the process of matching financial records, such as income, expenses, and transactions, with bank statements or other official records to ensure accuracy. Discover how regular reconciliation helps property managers, real estate investors, and agents maintain precise financial records, track cash flow, and ensure tax compliance. This process is vital for maintaining transparency and making informed decisions in real estate investments and operations.