GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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07:52 Aug 15, 2002 |
German to English translations [PRO] Bus/Financial - Accounting | |||||||
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| Selected response from: Alison Schwitzgebel France Local time: 22:04 | ||||||
Grading comment
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Summary of answers provided | ||||
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5 +1 | management of accounts receivable |
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4 +1 | debtor management |
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5 | accounts receivable management |
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4 +1 | credit control |
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5 | credit control ? |
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4 | management of accounts receivable |
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debtor management Explanation: It is very closely related to accounts receivable and credit, but these are different aspects. For example, credit management might include credit hedging. Accounts receivable can mean more the processing of the accounts than aspects such as debtor status monitoring, which come under debtor management. -------------------------------------------------- Note added at 2002-08-15 08:01:45 (GMT) -------------------------------------------------- For a customer service branch, debtor management might well include phoning late-payers to discuss the situation, as opposed to sending out automatic reminders and warnings, which is likely to be done be an accounts receivable system. |
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management of accounts receivable Explanation: debtors are accounts receivable |
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accounts receivable management Explanation: Although it can als be translated as "credit management", the connection with "billing" clearly puts this in the area of A/R. While invoices with due dates are a form of credit, real credit lines or loans are more usually handled by a "Kreditabteilung". Except in banks, "Debitoren" are typically "trade debtors", persons or companies owing money on purchases. Zahn, Bank and B�rsenwesen 30 years business experience |
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credit control Explanation: is what I would say as a snappy term for "accounts receivable management" Check out the following glossary entry: "Credit control: The management of the debts owed to the company, including vetting potential clients for credit worthiness, following up late payments, and pursuing bad debts" Reference: http://www.ascotdrummond.co.uk/resources/library/glossary_c.... |
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management of accounts receivable Explanation: or simply accounts receivable that,s what I called it in my companies |
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credit control ? Explanation: Alison's suggestion may be a nice alternative, but I think it is wrong. Credit control is often carried out by staff assitants, who simply apply the rules that have been set and see that none of the customers overstep the limits set. Credit Management or Account Receivable Management is at a higher level. |
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