Sämtliche Umbuchungen müssen sich gegenseitig aufheben

English translation: all reclassifications should be mutually offsetting

14:08 Oct 8, 2004

German to English translations [PRO]
Bus/Financial - Finance (general)

German term or phrase: Sämtliche Umbuchungen müssen sich gegenseitig aufheben

I'm trying to find an elegant way to say this in English - all (acctg) reversals should cancel each other out? Any better ideas? Thanks in advance

Mary McCusker KudoZ activity Questions: 235 (2 open) (1 without valid answers) (11 closed without grading) Answers: 229
Local time: 10:13

English translation:all reclassifications should be mutually offsetting

Explanation:
or all reclassifications should have no outstanding balances left

Ausgleichszahlung = balancing payment

If you don't pay your bills on time, they will send you a reminder that there is an 'outstanding balance of $0000.00' left on the debit side of your account.

Selected response from:

gangels (X)
Local time: 08:13

Grading comment

Many thanks, mutually offsetting was the term I used. I did, however, use reversing entries, since later in the text reclassifications were described as one type of reversing entries only.
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +6

all reversals must balance out (to zero)

Ted Wozniak

all reclassifications should be mutually offsetting

gangels (X)

Discussion entries: 1

Answers

5 mins confidence:

peer agreement (net): +6

Sämtliche Umbuchungen müssen sich gegenseitig aufheben all reversals must balance out (to zero)

Explanation:
or - depending on context - the sum of all reversing entries must equal zero

Ted Wozniak
United States
Local time: 09:13
Specializes in field
Native speaker of:

English
PRO pts in category: 511

Grading comment

Thanks, Ted, this was really the right idea, although in the end I used mutually offsetting

The asker has declined this answer
Comment: Thanks, Ted, this was really the right idea, although in the end I used mutually offsetting

4 hrs confidence:

all reclassifications should be mutually offsetting

gangels (X)
Local time: 08:13
Specializes in field
Native speaker of:

English,

German
PRO pts in category: 268

Grading comment

Many thanks, mutually offsetting was the term I used. I did, however, use reversing entries, since later in the text reclassifications were described as one type of reversing entries only.

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Sämtliche Umbuchungen müssen sich gegenseitig aufheben

English translation: all reclassifications should be mutually offsetting

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Sämtliche Umbuchungen müssen sich gegenseitig aufheben

English translation: all reclassifications should be mutually offsetting

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