Glossary entry (derived from question below)
Portuguese term or phrase:
Fechamento (mensal)
English translation:
(monthly) close
Added to glossary by
Maria Teresa Borges de Almeida
Jul 7, 2018 14:50
5 yrs ago
21 viewers *
Portuguese term
Fechamento (mensal)
Portuguese to English
Bus/Financial
Accounting
Conjunto de atividades relacionadas ao encerramento de um período contábil (mensal, por exemplo) de uma empresa.
Proposed translations
(English)
4 +2 | (monthly) close | Maria Teresa Borges de Almeida |
4 +1 | Month-end closing // Quarter-end closing // Year-end closing | Tatiana Kanhouche |
Change log
Jul 21, 2018 07:54: Maria Teresa Borges de Almeida Created KOG entry
Proposed translations
+2
17 mins
Selected
(monthly) close
Sugg.
In accounting the monthly close is the processing of transactions, journal entries and financial statements at the end of each month. Under the accrual method of accounting, it is imperative that the financial statements reflect only the transactions and journal entries having relevance to the current month's revenues and expenses, and end-of-the-month assets and liabilities. Expressed another way, the monthly close must achieve a proper cutoff of each month's financial activities.
https://www.accountingcoach.com/blog/what-is-the-monthly-clo...
In accounting the monthly close is the processing of transactions, journal entries and financial statements at the end of each month. Under the accrual method of accounting, it is imperative that the financial statements reflect only the transactions and journal entries having relevance to the current month's revenues and expenses, and end-of-the-month assets and liabilities. Expressed another way, the monthly close must achieve a proper cutoff of each month's financial activities.
https://www.accountingcoach.com/blog/what-is-the-monthly-clo...
4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
+1
2 hrs
Month-end closing // Quarter-end closing // Year-end closing
An accounting procedure undertaken at the end of the month to close out the current posting period.
http://www.businessdictionary.com/definition/month-end-closi...
http://www.businessdictionary.com/definition/year-end-closin...
http://www.businessdictionary.com/definition/month-end-closi...
http://www.businessdictionary.com/definition/year-end-closin...
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