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faktureringsmetod

English translation: accrual method


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Swedish term or phrase:faktureringsmetod
English translation:accrual method
Entered by: Charlesp
Options:
- Contribute to this entry
- Include in personal glossary

13:50 Jun 9, 2005
Swedish to English translations [PRO]
Bus/Financial - Accounting
Swedish term or phrase: faktureringsmetod
Redovisning ska ske enligt faktureringsmetoden.

I can't think of anything good for this. Thanks
Thor Truelson
accounting for income earned when invoiced
Explanation:
meeaning that accounting for income, income is considered as earned when the invoice is sent out.
(as opposed to a on a cash basis, ie not reporting the income until it is when actually paid).
Selected response from:

Charlesp
Local time: 05:09
Grading comment
Thanks. This makes the whole thing very clear.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2accounting for income earned when invoicedCharlesp
4 -1method of invoicing
Suzanne Blangsted


  

Answers


19 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
method of invoicing


Explanation:
my suggestion

Suzanne Blangsted
Local time: 20:09
Native speaker of: Native in DanishDanish, Native in EnglishEnglish
PRO pts in category: 3

Peer comments on this answer (and responses from the answerer)
disagree  Charlesp: I don't think so ;-(
4 days
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31 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
accounting for income earned when invoiced


Explanation:
meeaning that accounting for income, income is considered as earned when the invoice is sent out.
(as opposed to a on a cash basis, ie not reporting the income until it is when actually paid).

Charlesp
Local time: 05:09
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 14
Grading comment
Thanks. This makes the whole thing very clear.

Peer comments on this answer (and responses from the answerer)
agree  Gorel Bylund: This is what it means, but provided that the reader is aware of that, maybe "invoicing method" is sufficient. (Is this a Swedish phenomenon?)
21 mins
  -> No, not a Swedish phenomenon - standard accounting practice, if chosen.

agree  Peter Linton: I would favour Charles Phillips' full definiton to avoid any risk of ambiguity among less erudite readers. Orr perhaps compromise on "accruals method of invoicing" ?
1 hr
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