D1M 14.01.2025 CLOSING PILOT definitions

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

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