reconciliate vs reconcile

Reconciliate vs Reconcile: While often used interchangeably, "reconciliate" and "reconcile" have slightly different uses in accounting and finance. Reconcile is the correct term for the process of comparing two sets of financial records, such as bank statements and business accounts, to ensure accuracy and consistency. It involves identifying discrepancies and making adjustments where necessary. Reconciliate is a less common variant and is generally considered a non-standard form. To maintain clarity and professionalism, reconcile is the preferred term when discussing financial account reviews and reconciliations in business.