True-up

True-up,

Definition of True-up:

  1. To ensure that the total amount for each line item is matched to the correct debit or credit account.

How to use True-up in a sentence?

  1. Good accountants regularly recharge each account, checking that the total of each line in their account corresponds to the same debit / credit account.
  2. If you want to keep a detailed and accurate record of your finances, you need to be able to accurately determine its true value.
  3. We have decided to make an agreement to ensure that all the money in our ledger is properly calculated.

Meaning of True-up & True-up Definition