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What does Reconciliation mean?

The process of matching two sets of records to ensure figures are in agreement.

Reconciliation in a sentence
Monthly reconciliation of accounts is crucial for accurate financial reporting.

Reconciliation in German, French, Spanish and Italian

German
Abstimmung
also Abgleich, Kontenabstimmung

Abgleich von Konten oder Beständen zur Fehlervermeidung.

French
Rapprochement
also Concordance

Action de vérifier la concordance entre deux comptes ou documents.

Spanish
Conciliación

Comparar dos conjuntos de registros para asegurar que coincidan.

Italian
Riconciliazione
also Raccordo contabile

Procedura di verifica della corrispondenza tra saldi contabili.

Common phrases with Reconciliation

  • perform reconciliation
  • monthly reconciliation
  • bank reconciliation

Synonyms and opposites for Reconciliation

  • Synonym Adjustment
  • Synonym Alignment
  • Opposite Discrepancy

More Accounting terms

All accounting terms →

Reconciliation is filed under