true-up

Put in alignment

True-up is to reconcile or adjust accounts, figures, or estimates to reflect actual amounts.

At year's end, businesses true up their books—correcting discrepancies between projections and reality.

The noun true-up is this reconciliation process: The quarterly true-up showed we'd underestimated expenses.

The term appears frequently in finance, utilities, and contract management.

accounting

reconciliation

Restoration of friendly relations

balance · audit · ledger · discrepancy · correction · fiscal · quarterly · annual · close · books

construction

alignment

Correct relative positioning

  • plumbExactly vertical or true
  • levelHorizontal or uniform position
  • squareRhombus with right angles

straighten · adjust · calibrate · framing · measurement · precision · carpenter · shim · joinery · tolerance

billing

invoice

Itemized billing statement

underage · charges · refund · utility · meter · consumption · rate · usage · credit · debit

contractual

reconciliation

Restoration of friendly relations

milestone · payment · escrow · holdback · merger · acquisition · compensation · equity · performance · contingent

Categories
Opposites
precision/accuracy

true-upestimate

Informed guess at quantity

approximation · rough estimate · guesstimate · ballpark figure · projection

process stage

true-upaccrual

Incremental addition over time

budget · pro forma · first pass

Family

true, up, truly, truth, truthful, truthfully, truthfulness, untrue, truer

Familiarity
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Profile
Used worldwide · Timeless · Abstract · Rated G