important Concept of Reconciliation Reconciliation (the process of making two things consistent, accurate, and in agreement) means different things for and in different contexts. The dictionary notes that reconciliation is the noun form of the verb reconcile, which comes from the Latin reconciliāre, meaning “to make good again” or “to repair.” In the financial and banking sectors, it is an accounting process ensuring the actual amount of money spent matches the amount shown debited from an account at the end... Read more