what is requisition reconciliation in accounting 
requisition reconciliation in accounting is the process by which two sets of records are compared for accuracy completeness and consistency the comparison will help identify and explain discrepancies under generally accepted accounting principles gaap the required double entry accounting method helps to pinpoint when and where errors exist the bottom linea requisition is a formal request for a product or service and can be submitted manually or electronically a structured requisition process improves a business s efficiency and accountability procure to pay systems fully automate the procurement process from requisition to payment further increasing accuracy and efficiency 