SharePoint Managed Account Password not the same with Active Directory

The password for the account as currently stored in SharePoint is not the same as the current password for the account within Active Directory

Set-SPManagedAccount -UseExistingPassword

This happened when my Administrator password and I’ve changed it. The password was updated in Active Directory. Running the PowerShell command tells SharePoint to update it’s record too.

Reference: Set-SPManagedAccount