Definition of True-up:
To make sure the totals for each line item matches the appropriate debit or credit account.
How to use True-up in a sentence?
- Good accountants periodically true-up each account by verifying that their totals for each line in their account match the corresponding debit/credit account.
- You need to be able to figure out the true-up correctly if you want to keep good detailed records of your finances.
- We decided to verify by engaging in a true-up to ensure all of the amounts were recorded correctly in our ledger.
Meaning of True-up & True-up Definition