French translation: porter en déduction [(le petit compte) du grand compte]
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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:
contra offset against...
porter en déduction [(le petit compte) du grand compte]
English to French translations [PRO] Bus/Financial - Finance (general) / Crédit
English term or phrase:contra offset against...
The Credit Control team reviews our cheque remittances for mutual accounts and contact the relevant companies to arrange for them to pay their balance or agree the ‘Cheque Swap’. The payment remittances that the Credit Team requires to be held pending agreement on payment are given to the Vice President for Finance to keep until the Credit Team authorise their release.
We agree with our customer to contra (offset against) the smaller account from the larger amount owed Once done the balance can paid to clear both accounts.