Definition, Meaning & Synonyms
crossfoot
Noun
/ˈkrɔːsfʊt/
Definition
The term ‘crossfoot’ refers to a specific measurement used in accounting and finance, especially in relation to presenting financial statements and reports.
Examples
- The accountant used a crossfoot to check the accuracy of the financial report.
- After compiling the data, she performed a crossfoot to ensure everything was correct.
- Before submitting the spreadsheet, it’s important to crossfoot all columns and rows.
Meaning
Crossfoot typically means to add together the numbers in a table or column to verify accuracy, ensuring that row totals and column totals match.
Synonyms
- Verification
- Validation
- Summation
