To 'reconcile' is to repair relations between two or more parties or to settle or forgive an argument or disagreement. To 'reconcile' can also mean to be or make compatible or to make one thing consistent with another. This is a verb that can be used in social and professional contexts.

1. After five years without speaking, Anna and her father were finally reconciled with each other.
2. Their individual accounts of the incident don't reconcile with each other in terms of the times they stated.

1. If the project is going to work, we will have to find a way of reconciling the different perspectives of the team members.
2. I called Frank into my office to see if we could reconcile our differences and move forward.

The noun 'reconciliation' is also popular, and we might talk about a reconciliation between people in conflict, or people finding reconciliation after an argument. However, 'reconciliation' has a different meaning in the context of accounting: it is a term used when financial records are compared to ensure they are the same; to ensure they they 'reconcile'.

1. They've got all the figures, and now they're trying to reconcile the costs accounts to the financial accounts.
2. Reconciliation shows that the amounts leaving the account are the amounts actually being spent by the department.