reconciling definition
Full Definition of RECONCILIATION. 1. : the action of reconciling: the state of being reconciled. 2. : the Roman Catholic sacrament of penance. â recÂ·onÂ·cilÂ·iaÂ·toÂ·ry \-Ësil-yÉ-ËtoÌr-Ä, -Ësi-lÄ-É-\ adjective. See reconciliation defined for English-language learners.ADVERTISEMENT. the act of causing two people or groups to become friendly again after an argument or disagreement. : the process of finding a way to make two different ideas, facts, etc., exist or be true at the same time.
(Redirected from Reconciliation (Accounting)). In accounting, Reconciliation refers to the process of ensuring that two sets of records (usually the balances of two accounts) are in agreement.econciliation is used to ensure that the money leaving an account matches the actual money spent. This is done by making sure the balances match at the end of a particular accounting period.