Definition of True-up:
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?
- Good accountants regularly recharge each account, checking that the total of each line in their account corresponds to the same debit / credit account.
- If you want to keep a detailed and accurate record of your finances, you need to be able to accurately determine its true value.
- 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