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  3. Finance (general)

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08:08 Jan 9, 2012
This question was closed without grading. Reason: Errant question

English to Polish translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: raising the allowance credit
Procedura księgowa sporządzona przez Włocha. Termin, o który mi chodzi znajduje się w przedostatnim zdaniu, ale wklejam całość, żeby kontekst był szerszy. Czy chodzi o zwiększenie kwot odpisów na rezerwę? Zwiększenie kwoty rezerwy?

D. AMOUNT: FOR INDIVIDUAL ITEMS: of an amount falling between +/-20 €, Customer Accounting makes a closing entry using the “allowances and discounts” account, with the approval of the Customer Accounting Manager. The single item must not however be a “full” unpaid invoice, because in this case the undocumented allowance would not be sustainable. This choice will be reflected hereinafter also on the treatment of debits not relevant for tax purposes (foreign due to differences in price, quantities, returns, quality costs) received from customers for an amount falling between +/- 20 €: Customer Accounting will continue with the current procedure applied since the 2007 financial statements raising the threshold from 15 to 20 €. We can summarise by setting out officially the procedure applied: debits/credits received are entered on the database as indicated in operating instruction I.AMMI.EC - 08, but the internal document does not have to be issued in order for them to be regularised but it is left to the discretion of the Commercial Office to request the passing of an allowance for the amount unpaid referring to the original debit, sending a formal request, which may also be cumulative, with the approval of the Sales Manager in charge with the Project (or Area Manager); an email copied to the Sales Manager in charge with the Project is also accepted. Customer Accounting thus proceeds to close the item by raising the allowance credit (having obtained the approval of the Customer Accounting Manager) and closing the document in the credit note database entering the fact that it has been written off to allowances in the comments.
Debits/credits falling within the range +/-20 € are not officially accrued in the annual financial statements
MagDol
Poland
Local time: 11:24



  

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