Answered Formats of reconciliation

Dnyan Deshmukh

Eternal Member
Staff member
Sep 7, 2017
2,670
4,645
Pune
You must understand the term of reconciliation so that you will remember easily and can create format for reconciliation within minute.

Reconciliation of material is nothing but accounting of whatever material you got in your custody.

The following parameters are important when you are doing reconciliation.

1. Receipt of material - material received at site.
2. Material consumed - (this will be as per the material issue notes or indents)
3. Theoretical consumption - for completing that work, theoretically how much material you are supposed to required.
4. Difference between theoretical and practical consumption (there should not be difference between those quantity in most of the materials but in some materials there may be difference where material received in another unit of measurement and consumed in other unit of measurement)
5. Receipt - Consumption = Balance stock (i think does not required explanation).
6. Physical Stock - it is a measurement of balance material stock done physically.
7. Difference between theoretical and practical (variation ) - it should be within limit as specified by company or Indian Standard or any country standards which you do refer in your project.

Soon will share on format of reconciliation of material which i was using for reference.
 
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Sumit Civil

Well-Known Member
Dec 11, 2017
832
387
India
below link for reconciliation

 
Apr 14, 2020
1
0
Hyderabad
You must understand the term of reconciliation so that you will remember easily and can create format for reconciliation within minute.

Reconciliation of material is nothing but accounting of whatever material you got in your custody.

The following parameters are important when you are doing reconciliation.

1. Receipt of material - material received at site.
2. Material consumed - (this will be as per the material issue notes or indents)
3. Theoretical consumption - for completing that work, theoretically how much material you are supposed to required.
4. Difference between theoretical and practical consumption (there should not be difference between those quantity in most of the materials but in some materials there may be difference where material received in another unit of measurement and consumed in other unit of measurement)
5. Receipt - Consumption = Balance stock (i think does not required explanation).
6. Physical Stock - it is a measurement of balance material stock done physically.
7. Difference between theoretical and practical (variation ) - it should be within limit as specified by company or Indian Standard or any country standards which you do refer in your project.

Soon will share on format of reconciliation of material which i was using for reference.
Sir can u provide the format
 

Dnyan Deshmukh

Eternal Member
Staff member
Sep 7, 2017
2,670
4,645
Pune

maggi

Newbie
Jul 15, 2020
3
0
chennai
Please send to stock management xls format category description dia inch mm Contractor wise reports. Automatically updated format. Please send help
 

maggi

Newbie
Jul 15, 2020
3
0
chennai
Please send to stock management xls format category description dia inch mm Contractor wise reports. Automatically updated format. Please send help