Terminology (bookkeeping)
I'm already struggling with bookkkeeping terminology in Dutch, my native language. And the more in English. Let's use this article to keep terms & translations consistent.
Both Dutch & English entries might be included here. Or one entry might mention the other entry, without the latter having a separate heading - Whatever.
Accounts payable
NL:
- Krediteuren - Crediteuren
- On balance sheet, this seems at times to be called → Handelskrediteuren - Maybe to make it clearer that this is the float or temporary credit that occurs between the time an invoice has been received and the time the invoice has been payed. In English, the term accounts payable already covers this.
To emphasize: This is short term credit, from the time between receiving an invoice and paying the invoice. It's not like 'real' credit - Only a float.
Example: VAT at closing balance
At a closing balance of any given year, there is likely to be a post at credit concerning VAT that has to be disbursed to the Belastingdienst over the last period of that year. That would be called Creditor: Belastingdienst (VAT to be disbursed) or something like that. This is credit, not accounts payable.
The moment this VAT submission is done, this amount changes to accounts payable: Only now it became a regular account payable.
Accounts receivable
NL: Debiteuren
BTW: Verschuldigd
- BTW: Verschuldigd is VAT that has been invoiced to the company's customers and that has to be disbursed to the tax authorities.
- English: VAT: Due
BTW: Voorbelasting
This is VAT that has been incurred in purchases done by the company:
- NL: BTW: Voorbelasting
- EN: VAT: Pretax.
Chart of accounts - Rekeningschema
Chart of accounts [1] or rekeningschema: List of all accounts or grootboekrekeningen
Debet - Debit
Financieel feit
I'm often struggling with how to call the stuff that you put on a line in a bookkeeping:
- Financieel feit [2]
- Journaalpost - That's how it appears in the bookkeeping. That's not exactly what I'm looking for here
- Bookkeeping fact (EN).
General ledger - Grootboek
General ledger or grootboek: The collection of all accounts or grootboekrekeningen
Handelskrediteuren
This means the same as leverancierskrediteuren: Credit or float from suppliers.
EN:
- → Accounts payable
- (Supplier credit - Supplier creditors)
- (Trade credit? - Trade creditors?_
Journaalpost
Journaalpost: A mutation in an administration where debit and credit are balanced: It always involves at least two lines, regels or mutations [3]
Means of production
Productiemiddelen.
Onttrekking privé
- Private withdrawal
- Withdrawal private?
Posting
How do you call the act of putting stuff in a bookkeeping?
- EN: Posting [4]
- NL: Inboeken.
Rekening-courant
- Current account
- (Checking account)
Revenue
- NL: Omzet
- EN: Revenue - Not turnover.
VAT: Due
VAT: Pretax
Sources
- https://en.wikipedia.org/wiki/Bookkeeping
- https://nl.wikipedia.org/wiki/Boekhouding
- https://nl.wikipedia.org/wiki/Journaalpost
- https://en.wikipedia.org/wiki/Journal_entry
- https://nl.wikipedia.org/wiki/Grootboek
- https://nl.wikipedia.org/wiki/Rekeningschema
- https://en.wikipedia.org/wiki/Chart_of_accounts
- https://en.wikipedia.org/wiki/General_ledger