What is another word for balancing account?
Pronunciation: [bˈalənsɪŋ ɐkˈa͡ʊnt] (IPA) 
Balancing account refers to keeping track of the money spent and received in a particular account to ensure consistency. Synonyms for balancing account include reconciling account, settling account, and harmonizing account. Reconciling speaks to the process of bringing two conflicting accounts to agreement. Settling account suggests the conclusion of a transaction and making sure all payments and withdrawals are accounted for. Harmonizing account alludes to creating a balance between what is spent and received. Regardless of the synonym used, the main goal of balancing accounts is to ensure accuracy and avoid messy financial situations. With diligent monitoring, financial stability can be achieved.
