What is Reconciliation

Reconciliation is the process of comparing financial records to ensure that different sources such as bank statements, transactions and accounting books, all have the same data. Finance reconciliations ensure accuracy and consistency, as well as the integrity and reliability of financial data. 

What is Reconciliation in Finance

Reconciliation in finance refers to the process of comparing and aligning financial records from different sources, such as bank statements, transaction records, and accounting books. It is essential for ensuring accuracy and consistency, and the integrity and reliability of financial data.