Reconciliation is an accounting process that involves comparing two sets of records, usually internal and external, to confirm that the data are accurate and consistent. Let’s shift it to the SaaS industry. Imagine you are a Microsoft Direct Seller. You buy from Microsoft at the Inprice, sell at Suggested Retail Price, and maybe put on a margin or a discount. At the end of the month, you have to have the full reconciliation file and check it for discrepancies so you can invoice your End-customers without any mistakes.