👉 Rechecks are a process in financial accounting where an organization checks and verifies that all related expenses have been properly recorded, even if there is a discrepancy between what has been reported and what is actually being claimed. This ensures accuracy and completeness of financial statements by identifying errors or discrepancies before they lead to errors later on. Rechecks can be performed manually or automatically through various accounting software tools. They are crucial for maintaining the integrity of financial records and helping ensure that transactions are accurately recorded and accounted for.