A General Ledger Reconciliation is an accounting process used to ensure the accuracy of a company’s financial records. It involves cross-checking and validating data, including bank statements, accounts payable, accounts receivable, and other account balances. During the reconciliation process, any discrepancies are recorded and investigated until they can be explained or resolved. The General Ledger Reconciliation ensures that the books balance with actual financial performance, providing companies with vital insights into the accuracy of their financial reporting. Put simply, it helps businesses stay on top of their finances and make more informed decisions.