Reconciliation Processes
Reconciliation processes are methods used to ensure that two sets of records or accounts are in agreement. This often involves comparing financial statements, bank statements, or other documents to identify discrepancies. The goal is to confirm that all transactions are accurately recorded and to resolve any differences that may arise.
In various contexts, such as accounting or conflict resolution, reconciliation helps restore trust and accuracy. In accounting, it ensures that financial data is reliable, while in conflict resolution, it aims to mend relationships and foster understanding between parties. Both processes are essential for maintaining integrity and harmony.