D1M 14.01.2025 CLOSING PILOT definitions

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Write-off of doubtful receivables
kezdjen tanulni
A financial adjustment to remove debts unlikely to be paid.
Reconciliation
kezdjen tanulni
The process of comparing financial records to ensure they match and are accurate.
Inventory and merchandise
kezdjen tanulni
Goods available for sale or materials held in stock by a company.
Severance pay
kezdjen tanulni
Payments made to employees who are laid off or dismissed.
Outstanding invoices
kezdjen tanulni
Bills that have not yet been paid by customers.
Pension provisions
kezdjen tanulni
Payments set aside for future retirement benefits for employees.
Contingency budget
kezdjen tanulni
Funds reserved for unexpected costs or emergencies in a budget.
Carryforward
kezdjen tanulni
Transferring a financial amount to a future period.
Cumulative costs
kezdjen tanulni
The total amount of expenses that build up over time in a project or process.

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