reconciliation

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Reconciliation

The restoration of peaceful or amicable relations between two individuals who were previously in conflict with one another.

Reconciliation ordinarily implies forgiveness for injuries on either or both sides. The term is often applied to the parties to a Divorce who cease proceedings for the dissolution of their marriage upon a resolution of their differences. Reconciliation is used interchangeably with conciliation.

reconciliation

noun accord, adjustment, amnesty, appeasement, arbitration, conciliation, concord, concordance, forgiveness, harmony, improved relations, mediation, mollification, mutual forgiveness, pacification, peace, peacemaking, propitiation, reconcilement, restoration of harmony, reunion, settlement, understanding, union
Associated concepts: reconciliation of contradictory clauses
See also: accordance, adjustment, arrangement, compact, compatibility, compromise, concession, conciliation, expiation, intercession, mediation, mollification, pact, peace, rapprochement, settlement, understanding

RECONCILIATION, contracts. The act of bringing persons to agree together, who before, had had some difference.
     2. A renewal of cohabitation between husband and wife is proof of reconciliation, and such reconciliation destroys the effect of a deed of separation. 4 Eccl. R. 238.

References in periodicals archive ?
Virtually eliminate spreadsheets (and the manual errors that often come with them) from their account reconciliation process
During the typical month-long account reconciliation process, for instance, accountants and controllers can leverage the software to evaluate, approve, and complete the reconciliations.
Account reconciliation is an underappreciated, yet crucial, process to help ensure an organisation's financial integrity.
About BlackLine Systems BlackLine Systems was the first to develop and offer a commercially available Balance Sheet Account Reconciliation solution.
Four years later, National Life looks at the account reconciliation process as being both painless and reliable,
It is true that the more complex an organization--one with multiple and remote locations, foreign currencies and disparate source systems, for example--the greater the benefit of going beyond traditional accounting and finance systems and implementing account reconciliation technology.
After the controller examines all of the above controls and determines none would have found the error, there is yet one more control that might have done the job--balance sheet account reconciliation.
We believe that adopting our proposal would benefit the government and taxpayers alike by substantially reducing the detailed, time-consuming account reconciliations that currently take place.
The session will focus on how finance, accounting, audit and compliance executives can further ensure the integrity of their balance sheets - and ultimately financial reports - by implementing software to automate the traditionally manual, labor-intensive and spreadsheet-driven account reconciliation process.
Clayton, global process owner for account reconciliations at DuPont Finance Service Center, will share the DuPont journey transforming its internal processes for account reconciliation using the BlackLine Financial Close Suite for SAP Solutions, an SAP-endorsed business solution.
In order to know that an account reconciliation is correct, you first have to know what an account reconciliation is.
has released the latest module in its OneClose suite, Account Reconciliation, which the company says eliminates material weaknesses and deficiencies created by reconciliation problems, trims associated labor costs by up to 40 percent and boosts the accuracy of financial results.