Reconciliation is an accounting procedure (usually prepared on a daily, monthly, or annual basis) which ensures two sets of records are correct and in agreement. It also confirms that accounts in the general ledger are consistent, accurate, and complete.
In PowerSuite, there are four types of reconciliation:

(1) BSP Reconciliation -- To reconcile BSP statements
(2) GL Reconciliation -- To reconcile general ledger accounts
(3) Bank Reconciliation -- To reconcile bank statements
(4) Credit card Reconciliation -- To reconcile credit card statements