reconciliation

Popular Terms
Item by item examination of two related sets of figures obtained from different sources. Most commonly, this term is applied to bank reconciliation.

Use 'reconciliation' in a Sentence

I noticed my online statement total did not match the statement total I received in the mail, so I would have to do some reconciliation to find out why they differ.
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The reconciliation of the bank statement and the company's accounting records prompted the company to hire a new head of the accounting department.
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Jane was concerned that her data set might be incorrect, however when two other sets created reconciliation with her own set, she was over joyed.
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