is the process of balancing records. An example is when an individual balances a checking account record with the monthly bank statement. Once the records accurately agree, the checking account has been reconciled.
To compare the results obtained from using two different sources of data, e.g. comparing the balance obtained from a financial report generated by a departmental shadow system to the same balance that is obtained using data from the official campus financial information system, FIS.
To verify the data entered into Keep In Touch is accurate by comparing it to the data provided in a bank statement.