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: Handelskrediteuren.
- Account payable is not to be confused with regular creditors: 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.
- That's why in Dutch, handelskrediteuren is a better name than just krediteuren.
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