The term reconciliation means different things to different people.
For some small businesses, reconciliation is that thing they do every so often when they finally figure out their bank balance and checkbook are out of balance.
For bigger businesses, reconciliation is an encompassing task that must be performed in order to close their books at the end of every accounting period.
The real question about reconciliation is how to do it.
For that little business, it may be with a pen, bank statement, their check register and a calculator.
For bigger businesses, it may take hours or even days of an accounting staff time to work with numerous reports from their accounting system, and spreadsheet after spreadsheet of data that ties one account to another.
Somewhere in between are the SMBs that rely on tools built into their ...