To make sure the totals for each line item matches the appropriate debit or credit account.

Use true-up in a sentence

  • We decided to verify by engaging in a true-up to ensure all of the amounts were recorded correctly in our ledger.

    20 people found this helpful
  • You need to be able to figure out the true-up correctly if you want to keep good detailed records of your finances.

    18 people found this helpful
  • Good accountants periodically true-up each account by verifying that their totals for each line in their account match the corresponding debit/credit account.

    16 people found this helpful
Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z