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Glite Dictionary
🤝 Making peace 📊 Matching records
reconciliation

reconciliation

22 5.6
Making two sets of financial records agree
  • noun
  • /ˌrɛkənˌsɪlɪˈeɪʃən/
  • Specialized
translation icon : conciliación
  • During the year-end audit, the team focused on the reconciliation of all outstanding invoices and receipts.
  • reconciliation process
  • reconciliation accounts
  • reconciliation bill

The function of our system of reconciliation is not to determine the value of pigs and equalize the number of pigs.

Examples

  • The accountant worked late into the night to complete the financial reconciliation of the company's accounts.

  • And a recent California experiment with a tax agency reconciliation system was successful and popular.

    Academic text (2017)

  • So the actual reconciliation may take one to five business days, sometimes longer.

  • Anyway, these are all expected to be part of a larger budget reconciliation process really early in the Trump campaign.

  • Often, the bill will be modified in the process known as reconciliation.

    Academic text (2011)

  • Recording these changes in reconciliation accounts is likely to minimize their consideration in national policy analysis.

    Academic text (1992)

  • In 1996, Congress restructured welfare by passing the Personal Responsibility and Work Opportunity Reconciliation Act.

    Academic text (2001)

  • In El Salvador, the government itself has identified "national reconciliation" as a major goal of its Amnesty Law.

    Academic text (2003)

  • In Turkey, a reconciliation process with the Kurds is very haltingly underway.

  • The proposed timetable for U.S.-Vietnamese reconciliation also includes discussion with Hanoi over this issue.

    Academic text (1992)

Synonyms

balancing
vsreconciliation
47 3.4

Making two sets of numbers, like accounts, match by checking and changing them

focuses on matching two sets of records rather than general alignment
reconcilement
vsreconciliation
  • Specialized
6.8

The act of making accounts or ideas agree with each other

is the same meaning but used more often in records and accounts

Antonyms

discrepancy
76 5.6

A difference between two things that should be the same, like numbers or stories

incompatibility
4 6.6

A situation where two things cannot work or live together without problems

Compounds

chance of reconciliation
1 4.8

The possibility that two people will be friendly again after a disagreement

How Consistent

harmonization
  • Specialized
1 5.5
reconciliation
  • Specialized
22 5.6
adjustment
  • Specialized
40 3.7
discrepancy
76 5.6

Surface Forms

reconciliation singular
reconciliations plural

Morphology

reconciliation = reconcile (transparent) = reconcile + ation

The accounting sense is a domain-specific application of the verb 'reconcile' nominalized with '-ation' to mean 'the process of making accounts agree'.

Etymology

The word reconciliation comes from the Latin parts re- 'again' and conciliare 'bring together', the same root as council. So in finance a reconciliation is the act of bringing different records 'together again' until they match.