Matching Date Window
The number of days either side of a transaction's posted date within which a reconciliation tool will consider a corresponding entry a candidate match — wide enough to absorb normal clearing lag, narrow enough not to pair unrelated transactions.
Related terms
- Loan Covenant
A condition attached to a borrowing that the borrower must comply with, breach of which can trigger default or accelerated repayment regardless of whether payments are current.
- Management Representation Letter
A letter from management confirming, in writing, representations made to the auditor during the audit — required under SA 580, not a substitute for other evidence.
- Materiality
The threshold above which a misstatement could reasonably be expected to influence the economic decisions of someone relying on the financial statements. Set by the auditor at the planning stage.
- Mixed Supply
Two or more individual supplies made together for a single price that are not naturally bundled, taxed at the rate of the item attracting the highest tax.
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252 terms in total, or go deeper with working procedures and worked examples in the resource library.