Meaning of Reconciliation in Various Fields and Principles to Implement It

Kapanlagi.com - Perhaps not many of us know what exactly the word reconciliation means. Yes, the meaning of reconciliation itself refers to the resolution of a problem or conflict. Reconciliation is usually related to cooperation between countries or cooperation between companies.

In addition, the meaning of reconciliation also exists in the field of accounting. And it is also done to assist cooperation and resolution in the world of work and business. For KLovers who want to understand the meaning of reconciliation, you can read the following article along with the principles of reconciliation.

According to various sources, here is the general meaning of reconciliation and in the field of accounting along with the principles used in conducting reconciliation.

1. Meaning of Reconciliation in General

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The meaning of reconciliation is one way to resolve conflicts in a problem. This meaning of reconciliation is a process of conflict resolution that restores the relationship between both parties to its original state, as it was before the conflict occurred.

According to the Indonesian Dictionary, the meaning of reconciliation is the act of restoring friendship to its original state or the act of resolving differences. Reconciliation must fulfill two conditions, where there is a party that acknowledges their mistake and apologizes, and there is also a party that forgives. Therefore, reconciliation can occur.

If the actions of acknowledging mistakes, apologizing, and forgiving do not occur in a reconciliation, then the goal of achieving peace will not be achieved. The conflict will continue to persist. After reconciliation, both parties should establish a new spirit and build an atmosphere of trust.

Reconciliation efforts are often used to resolve political and social conflicts related to serious human rights violations. Reconciliation is also often used by indigenous communities in Indonesia and even in the field of accounting. So, reconciliation is one way to resolve conflicts and restore peace as it was before the conflict.

2. The Meaning of Reconciliation in the Accounting World

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So, what is the meaning of reconciliation in the accounting world? In the accounting world, there is a term called bank reconciliation. The meaning of bank reconciliation can be interpreted as a process of matching financial data within a company with the financial data in the bank.

As it is known, many cases of financial reports present inaccurate or inconsistent data with the financial data in the company and also in the bank. That is why bank reconciliation plays a very important role, especially for the officers or staff in the company who have financial responsibility.

According to gramedia.com, there are several factors that cause the emergence of bank reconciliation, one of which is the existence of differences in records or financial reports. Although this is actually quite common in a company or organization.

However, to prevent other bad risks, the company still needs to perform bank reconciliation. Usually, the bank reconciliation process is done at least once a month or can also be done once a week, depending on the policy in a company.

3. General Principles of Reconciliation

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After understanding the meaning of reconciliation, KLovers also need to know the principles of reconciliation. Yes, reconciliation has a principle and this principle of reconciliation must be fulfilled by both parties in order to achieve peace in community life. And here are the principles of reconciliation that KLovers can know and understand:

1. Rebuilding Trust

A conflict resolution that aims to be resolved non-violently must be guided by one thing, which is the restoration of trust between the conflicting parties. By rebuilding trust, the conflict can result in an evaluation for the society itself. This will eventually lead both parties to peace.

2. Acceptance from Other Groups

Another important principle to be applied during the reconciliation process is the acceptance from other groups. The conflicting parties must have an open view of each other regarding the occurrence of a conflict. This will prevent society from violence. Acceptance is very important in the conflict resolution process with this reconciliation.

3. Control and Control Center

In the world of accounting, reconciliation is important. This aims as a control center and also control. This is done in every receipt or payment of a company. Whether it is payment in cash or in non-cash form.

4. Ensuring Information Record Consistency

Then this is also to ensure the consistency of information records between the company and the bank. By conducting bank reconciliation, banking and company records in a certain period can appear more neat and accurate.

5. Checking Accuracy

And the last principle is, it can be a way to check the accuracy of every record contained in the company's cash account and the bank's records. Thus, both parties can know the amount of receipts or expenditures that occur. Conversely, the company can find out financial information that they have not yet recorded through financial data from the bank.

That is the meaning of reconciliation that KLovers can know and understand. Not only knowing the general meaning of reconciliation, but also knowing the meaning of reconciliation in the world of accounting and the principles of reconciliation.

(kpl/gen/dhm)