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durchlaufkonto

English translation: interim account / transitory account

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Durchlaufkonto
English translation:interim account / transitory account
Entered by: Manuela Brehm
Options:
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21:56 Jan 21, 2004
German to English translations [PRO]
Bus/Financial
German term or phrase: durchlaufkonto
Kontenplan
Manuela Brehm
Local time: 07:10
interim account/transitory account
Explanation:
Two suggestions from Woywode and Hamblock.

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Note added at 9 mins (2004-01-21 22:06:30 GMT)
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Transitory account
See Clearing account.

Clearing account
A G/L clearing account is used to temporarily hold postings for those items which are received with missing information. It is also used to temporarily hold items when the correct account it is not yet known.
Example: If you receive a cheque and are uncertain of where to deposit it, rather than withhold the cheque from deposit, deposit the amount into a clearing account until you discover the correct account.
A clearing account may also be a funds center. You might temporarily charge an expense to your operating funds center until you discover the correct fund to bear the costs.

http://www.utoronto.ca/amsfis/glossary/gloss-t.htm
Selected response from:

Kim Metzger
Mexico
Local time: 01:10
Grading comment
Thanks to all
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +6interim account/transitory account
Kim Metzger


  

Answers


2 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +6
interim account/transitory account


Explanation:
Two suggestions from Woywode and Hamblock.

--------------------------------------------------
Note added at 9 mins (2004-01-21 22:06:30 GMT)
--------------------------------------------------

Transitory account
See Clearing account.

Clearing account
A G/L clearing account is used to temporarily hold postings for those items which are received with missing information. It is also used to temporarily hold items when the correct account it is not yet known.
Example: If you receive a cheque and are uncertain of where to deposit it, rather than withhold the cheque from deposit, deposit the amount into a clearing account until you discover the correct account.
A clearing account may also be a funds center. You might temporarily charge an expense to your operating funds center until you discover the correct fund to bear the costs.

http://www.utoronto.ca/amsfis/glossary/gloss-t.htm


Kim Metzger
Mexico
Local time: 01:10
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 21837
Grading comment
Thanks to all

Peer comments on this answer (and responses from the answerer)
agree  xxxBrandis: yes, I think it is also called a transit account, or revolving account as a few german banks might want to understand it.
1 hr

agree  xxxRobschmidt: interim account to my mind, is perfect.
5 hrs

agree  Edward Guyver: Gunton & Corner suggest "transit account".
10 hrs

agree  Ingo Dierkschnieder
11 hrs

agree  cologne
14 hrs

agree  vishoy
1 day16 hrs
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