What is the meaning of reconciliation?
Reconciliation is an accounting process that compares two sets of records to check that figures are correct and in agreement. Account reconciliation is particularly useful for explaining the difference between two financial records or account balances.
How is reconcile pronounced?
Reconcile means to make amends, come to a truce, or settle a dispute. Reconcile can also mean to make things compatible or consistent with each other. This sense of the word is especially used when discussing two things that cannot be reconciled, such as two contrasting beliefs.