German translation: Buchungen zum Zahlungszeitpunkt am Valutatag
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15:17 Aug 3, 2006
English to German translations [PRO] Bus/Financial - Accounting / Technical accounting
English term or phrase:cash basis settlement date accountings
We can also generate *cash basis settlement date accountings*; however, our standard is trade date.
Explanation: Never seen or heard of 'accountings' in a bookkeeping system. Should be accounts, I think.
My take is:
The meaning becomes clearer through the juxtaposition of 'trade data'. Normally, you post a sale and then later the payment (settlment) when it arrives (cheques).
However, some people prefer to post the sale only when payment is made. Until then the sale is not taken into account in the system (even though it has been crearted). And cheques are only taken into account when the money has actually arrived at your account, not when the cheque is banked in.
Joern Gaedcke Singapore Local time: 06:02 Works in field Native speaker of: German PRO pts in category: 4