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bugshaw: (BugCount)
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Accountancy

posted by [personal profile] bugshaw at 05:45pm on 07/03/2007
Is there a special word or phrase for
"we billed you something, so it appeared in the debit column, then swiftly realised we had made a mistake and put an entry in the credit column, so there is no net charge but both transactions remain on your statement for posterity"?
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There are 8 comments on this entry. (Reply.)
 

(no subject)

posted by [identity profile] aardvark179.livejournal.com at 05:59pm on 07/03/2007
Idiocy. I admit it's not a special word of phrase, but it's the most polite general one I could think of.
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(no subject)

posted by [identity profile] bugshaw.livejournal.com at 07:02pm on 07/03/2007
Not necessarily idiocy. It could be a genuine mistake (I make enough of those myself!) but it should be clear to the reader that the transactions were done internally, and do not represent an actual posted invoice and received payment.
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(no subject)

posted by [identity profile] replyhazy.livejournal.com at 06:08pm on 07/03/2007
"coverup"?

"whitewash"?

or perhaps

"oops"?
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(no subject)

posted by [identity profile] darth-tigger.livejournal.com at 06:23pm on 07/03/2007
Contra, I think. I've certainly seen that on my statement in the past when they've cocked up, against the item putting it right.
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(no subject)

posted by [identity profile] flick.livejournal.com at 06:26pm on 07/03/2007
Yep, it's a contra. Well, an entry that you subsequently reverse has been contra'd out, but you leave it in for audit reasons.
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(no subject)

posted by [identity profile] bugshaw.livejournal.com at 06:40pm on 07/03/2007
Contra, thank you. They would probably prefer it to "THIS IS WHERE U WERE A ID10T!!"
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(no subject)

posted by [identity profile] saare-snowqueen.livejournal.com at 07:32pm on 07/03/2007
double entry book keeping
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sparrowsion: (angel)

(no subject)

posted by [personal profile] sparrowsion at 10:14am on 08/03/2007
NTL SOP in my experience.
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