true-up difference prior years

Polish translation: wyrównać różnice z lat poprzednich

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:true-up difference prior years
Polish translation:wyrównać różnice z lat poprzednich
Entered by: Kaig

13:35 Nov 28, 2018
English to Polish translations [PRO]
Bus/Financial - Accounting / Annual Report
English term or phrase: true-up difference prior years
Jako pozycja w tabeli
Kaig
Poland
Local time: 20:50
wyrównać różnice z lat poprzednich
Explanation:
lub w stosunku do poprzednich lat

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Note added at 4 hrs (2018-11-28 18:01:03 GMT)
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In its most generic form a true-up means to match, reconcile, tie-out two or more balances with the help of an adjustment. In accounting, this adjustment journal entry is called true-up entry.

There are many reasons why a mismatch may exist between two balances;

Budgeting – Some recurring expenses are estimated at the beginning of the year and booked in each period accordingly. There is always a chance of going over or under the budget.
Timing Differences – If a bill or invoice is not received till the end of an accounting period the expense is accrued as per estimate after the actual bill/invoice is received it is then matched with the help of a true-up entry.
Errors & Omissions – With manual intervention, there is always a chance of human errors and misses.
Quantification – Not every expense and situation can be quantified and anticipated in advance, for example, an increase in headcount resulting in additional payment of insurance premium at the end of a year.
https://www.accountingcapital.com/journal-entries/true-up-en...

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To make sure the totals for each line item matches the appropriate debit or credit account.

: http://www.businessdictionary.com/definition/true-up.html

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13 października 2016
Momentem powstania przychodu spółki w związku z wyrównaniem dochodowości z tytułu cen transferowych (tzw. true-up) jest dzień otrzymania przez nią płatności.
https://www.blog.ey.pl/taxweb/korekte-in-plus-rozliczeniach-...
Selected response from:

Frank Szmulowicz, Ph. D.
United States
Local time: 14:50
Grading comment
Dziękuję!
4 KudoZ points were awarded for this answer



Summary of answers provided
3wyrównać różnice z lat poprzednich
Frank Szmulowicz, Ph. D.


  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
wyrównać różnice z lat poprzednich


Explanation:
lub w stosunku do poprzednich lat

--------------------------------------------------
Note added at 4 hrs (2018-11-28 18:01:03 GMT)
--------------------------------------------------

In its most generic form a true-up means to match, reconcile, tie-out two or more balances with the help of an adjustment. In accounting, this adjustment journal entry is called true-up entry.

There are many reasons why a mismatch may exist between two balances;

Budgeting – Some recurring expenses are estimated at the beginning of the year and booked in each period accordingly. There is always a chance of going over or under the budget.
Timing Differences – If a bill or invoice is not received till the end of an accounting period the expense is accrued as per estimate after the actual bill/invoice is received it is then matched with the help of a true-up entry.
Errors & Omissions – With manual intervention, there is always a chance of human errors and misses.
Quantification – Not every expense and situation can be quantified and anticipated in advance, for example, an increase in headcount resulting in additional payment of insurance premium at the end of a year.
https://www.accountingcapital.com/journal-entries/true-up-en...

cccccccccccccccccccccc
To make sure the totals for each line item matches the appropriate debit or credit account.

: http://www.businessdictionary.com/definition/true-up.html

ccccccccccc
13 października 2016
Momentem powstania przychodu spółki w związku z wyrównaniem dochodowości z tytułu cen transferowych (tzw. true-up) jest dzień otrzymania przez nią płatności.
https://www.blog.ey.pl/taxweb/korekte-in-plus-rozliczeniach-...

Frank Szmulowicz, Ph. D.
United States
Local time: 14:50
Native speaker of: Native in EnglishEnglish, Native in PolishPolish
PRO pts in category: 142
Grading comment
Dziękuję!
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