Accounting reconciliation is the process of comparing two sets of records to ensure accuracy, completeness, and uniformity. It’s one of the most important activities in financial management, as it helps organizations ensure their data is accurate and up-to-date. By checking that information between different sources matches – and that any discrepancies are flagged and resolved – organizations can make sure their financial records are reliable. In essence, the accounting reconciliation process help organizations stay on top of their finances, ensuring they’re compliant with legislation and running as efficiently as possible.