Reconciliation

Reconciliation
An accounting process used to compare two sets of records to ensure the figures are in agreement and are accurate. Reconciliation is the key process used to determine whether the money leaving an account matches the amount spent, ensuring that the two values are balanced at the end of the recording period.

At the end of every month it is a good idea to reconcile your checkbook by comparing your receipts with your bank statement. Among other advantages, this type of account reconciliation makes it possible to determine whether money is being fraudulently withdrawn from an account.


Investment dictionary. . 2012.

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  • réconciliation — [ rekɔ̃siljasjɔ̃ ] n. f. • XIIIe; lat. reconciliatio, de reconciliare → réconcilier 1 ♦ Liturg. Cérémonie catholique par laquelle une personne est réintégrée dans l Église. Réconciliation d un clerc suspens. Cérémonie par laquelle un lieu saint… …   Encyclopédie Universelle

  • Reconciliation — may refer to:* Reconciliation (Josefina de Vasconcellos), a sculpture by Josefina de Vasconcellos * Bank reconciliation * Reconciliation bill * Reconciliation process * Reconciliation (Accounting) * Confession, or Reconciliation, a Christian… …   Wikipedia

  • reconciliation — Reconciliation. s. f. v. Accommodement de deux personnes qui estoient mal ensemble. Veritable, sincere reconciliation. reconciliation feinte ou plastrée. il a travaillé à leur reconciliation. il a moyenné cette reconciliation. On appelle aussi,… …   Dictionnaire de l'Académie française

  • reconciliation — I noun accord, adjustment, agreement, amnesty, appeasement, arbitration, conciliation, concord, concordance, forgiveness, harmony, improved relations, mediation, mollification, mutual forgiveness, pacification, peace, peacemaking, propitiation,… …   Law dictionary

  • reconciliation — UK US /ˌrekənˌsɪliˈeɪʃən/ noun [C or U] ► ACCOUNTING the process of comparing different financial accounts, amounts, etc. in order to check that they add up to the same total or to explain any differences between them: »We haven t done a… …   Financial and business terms

  • Reconciliation — Rec on*cil i*a tion ( s?l ?*? sh?n), n. [F. r[ e]conciliation, L. reconciliatio.] 1. The act of reconciling, or the state of being reconciled; reconcilenment; restoration to harmony; renewal of friendship. [1913 Webster] Reconciliation and… …   The Collaborative International Dictionary of English

  • reconciliation — [rek΄ənsīl′məntrek΄ən sil΄ē ā′shən] n. [ME reconsiliacion < MFr reconciliation < L reconciliatio] a reconciling or being reconciled: also reconcilement [rek΄ənsīl′mənt] reconciliatory adj …   English World dictionary

  • Reconciliation — (v. lat.), Versöhnung, Aussöhnung, bes. dessen, der Buße gethan hatte, mit der Kirche …   Pierer's Universal-Lexikon

  • reconciliation — late 14c., from O.Fr. reconciliacion (14c.) and directly from L. reconciliationem (nom. reconciliatio), noun of action from reconciliare (see RECONCILE (Cf. reconcile)) …   Etymology dictionary

  • Reconciliation —   Reconciliation is a calculation that shows how one balance or figure is derived systematically from another …   International financial encyclopaedia

  • reconciliation — Reconciliation, Reconciliatio …   Thresor de la langue françoyse

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