Reconciliation is the process of ensuring that two sets of records are consistent and in agreement. In the context of investment and finance, it involves the verification of financial transactions to ensure accuracy and minimize discrepancies between accounts. Reconciliation can involve cross-referencing multiple banking, accounting, and transaction records simultaneously in order to validate their accuracy and provide assurance that investments are secure. Ultimately, it is an important step in effective financial management, helping to ensure data integrity and trustworthiness within the industry.