Rally to Reconcile.!

Many a time, we might feel lost somewhere mid-way. Despite kicking off with an optimistic start and having an action plan fixated at our hands, we would still miss the way in between. We all get into a tangle of questions, asking ourselves if we’re on the right direction! We all do…

But what’s the way out from there?

Reconciliation. You read it right. It is never a fumble to take a second look at the task plan.

It is always recommended to revisit your objectives, make a checklist for your agenda and check every point that you’ve already crossed over. Pick out the areas where we might have fallen out, and most importantly, realign your agenda based on your current situation.

Our priorities change with time and so do our resources. What is seen as our strength at one point in time, might turn out to be a weakness in another. That’s natural and it is alright to be vulnerable. But it is imperative that we realise what is pulling us behind and get back in control of the situation.

It is indeed a very important practice in professional environments to reconcile every process as well as the progress. It is a convention used to ensure unanimity between the different parties involved. Some popular reconciliations in accounting include Bank Reconciliation Statements (Banks’ Pass Book vs. Company’s Cash Book), Record-to-Report Reconciliations (Books of Accounts vs. Financial Statements/Presentations), Party Account Reconciliations (Debtors/Creditors vs. Company’s Books), so on and so forth.

Deviations are human, but negligence is not! Let’s take charge before we are way afar. Reconcile your actions with your plans, actuals and the budgeted. Adjust the sails to the direction of wind. But, be reminded, There is no wind that blows right for the sailor who doesn’t know where the harbour is!

Venkatasubramanian V.