Reconciliation = process through which one ensures that all transactions accepted at the Payment Applications + all adjustments are deposited in the bank account.
There is no magic with reconciliation ... it will not get done by itself except if one has implemented an automated reconciliation process. And even then, one will still need to investigate if a discrepancy is identified.
Although Reconciliation is one of the most essential requirements associated with accepting card payments, it is too often neglected.
