What is "Reconciliation" ?
It's to compare one account with another to make sure they match. For example, when you check the balance in your checkbook against the statement you get from the bank at the end of the month to make sure the figures agree, this is reconciling the account.
Hi, reconciliation is comparing records or reports from one section to another or one dept. to another. This is most commonly used with reports which concerns figures(i.e. amount, volume, stock qty. etc.)
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