reconciliation

Reconciliation refers to the process of bringing two or more sets of records or accounts into agreement. In general knowledge, this often involves checking and correcting discrepancies, ensuring that financial statements match, or that different perspectives on a situation are aligned. For example, businesses reconcile their bank statements with their accounting records to confirm that all transactions are accurately recorded. This process is crucial for maintaining accuracy, trust, and transparency in both financial and relational contexts, helping to resolve conflicts or misunderstandings by finding common ground.