Question

.. How would you define reconciliation? What does reconciliation look like?​

Answer 1

Answer:

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.In accounting, reconciliation is the process of ensuring that two sets of records (usually the balances of two accounts) are in agreement. Reconciliation is used to ensure that the money leaving an account matches the actual money spent.

Answer 2

Explanation:

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.

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