- The act of reconciling, or the state of being
reconciled; reconcilenment; restoration to harmony; renewal of
friendship. - Reduction to congruence or consistency; removal of
inconsistency; harmony.
Meaning of 'reconciliation' (Princeton's WordNet)
1 . reconciliation
[ n]
Meaning (1): - getting two things to correspond
Example in sentence:
the reconciliation of his checkbook and the bank statement
Reconciliation Reconciliation is checking all bank account papers to make sure that the bank’s records and customer’s records are in sync
Cost reconciliation schedule Cost reconciliation schedule is a schedule that shows that the total costs accounted for equal the total costs to be accounted for equal the total costs to be accounted for.
Bank reconciliation Bank reconciliation is the process of comparing the bank’s balance of an account with the company’s balance and explaining any differences to make them agree.
Account Reconciliation A checking feature that provides a record of which of the firm’s checks have been paid by the bank. Account reconciliation is the reviewing...