permanence in de voorraad

English translation: perpetual inventory accounting

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:permanence in de voorraad
English translation:perpetual inventory accounting
Entered by: Alexander Schleber (X)

12:29 Oct 14, 2020
Dutch to English translations [PRO]
Bus/Financial - Business/Commerce (general) / Bookkeeping
Dutch term or phrase: permanence in de voorraad
Source text: Daarna worden boekingen geïntroduceerd van de permanence in de voorraad, de kosten en de baten.

I cannot find a direct translation for this bookkeeping term.
Who can give me a translation to UK Englihs and a brief explanation.

Thanks in advance,
Alexander
Alexander Schleber (X)
Belgium
Local time: 14:25
of consistent flow in the inventories
Explanation:
To start the ball of actual answers rolling...

Perchance this question might have been posted as 'Belgian Flemish' as the French influence send this question into a different French-influenced direction.

This answer is arguably not wholly out of sync with Michael B's discussion entry:
'Door een Permanence-boeking te maken is dit proces volledig geautomatiseerd' nor with Phil G's outgoing and incoming stocks point.

Note that 'la permanence' in French also means an all-hours help-desk or standing committee.
Selected response from:

Adrian MM.
Austria
Grading comment
Thanks - your answer made it possible to get Kitty Brussard to provide references.
4 KudoZ points were awarded for this answer



Summary of answers provided
3of consistent flow in the inventories
Adrian MM.
Summary of reference entries provided
perpetual inventory accounting
Kitty Brussaard

Discussion entries: 8





  

Answers


23 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
BE: van permanence in de voorraad
of consistent flow in the inventories


Explanation:
To start the ball of actual answers rolling...

Perchance this question might have been posted as 'Belgian Flemish' as the French influence send this question into a different French-influenced direction.

This answer is arguably not wholly out of sync with Michael B's discussion entry:
'Door een Permanence-boeking te maken is dit proces volledig geautomatiseerd' nor with Phil G's outgoing and incoming stocks point.

Note that 'la permanence' in French also means an all-hours help-desk or standing committee.

Example sentence(s):
  • IATE: ECA fr permanence des méthodes comptables en consistent accounting methods
  • The consistency principle states that once you decide on an accounting method or principle to use in your business, you need to stick with and follow this method

    Reference: http://docplayer.nl/7170551-Permanence-in-de-voorraad.html
    Reference: http://iate.europa.eu/entry/slideshow/1602752578244/749672/f...
Adrian MM.
Austria
Native speaker of: Native in EnglishEnglish
PRO pts in category: 12
Grading comment
Thanks - your answer made it possible to get Kitty Brussard to provide references.

Peer comments on this answer (and responses from the answerer)
neutral  Kitty Brussaard: NL permanence in de voorrraad, de kosten en de baten >> FR permanence de l'inventaire et des profits et des pertes >> EN perpetual inventory accounting (?)
13 hrs
  -> You're right! https://corporatefinanceinstitute.com/resources/knowledge/ac...
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Reference comments


1 day 12 hrs
Reference: perpetual inventory accounting

Reference information:
permanence in de voorraad, de kosten en de baten >> French 'permanence de l'inventaire et des profits et des pertes'

This seems to be about the so-called perpetual inventory accounting method.

With the perpetual inventory accounting method, an entry is made on your Income Statement or Profit and Loss report for every single sale that contains inventory. Your asset value on the Balance Sheet is decreased, and your Cost of Sale on the P&L is increased, based on the actual value of the items that have been shipped. When you buy more inventory, the purchase value is added into your assets (found on the Balance Sheet), not into the P&L, as it would be with periodic inventory accounting.
https://www.netsuite.eu/resource/articles/inventory-manageme...

And see also:
https://tinyurl.com/y24xw9af
http://www.myob-support.com/knowledgebase/accounting/invento...
https://accountinginfo.com/study/inventory/inventory-110.htm

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Note added at 1 day 12 hrs (2020-10-16 01:24:46 GMT)
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We hebben het dan over de boekhoudterm "permanence", hetgeen wil zeggen dat kosten en opbrengsten geboekt worden in de periodes waarop ze betrekking hebben. Andere benamingen zijn: permanentie en helemaal officieel "Permanence de l'inventaire et des profits et des pertes".
https://www.softwarepakketten.nl/wiki_uitleg/75&bronw=2/Peri...

In deel 1 heb je gezien dat ondernemingen minimaal eenmaal per jaar een balans en een resultatenrekening samenstellen. Maar tussentijds maken veel ondernemingen ook vaak deze overzichten, bijvoorbeeld maandelijks. Dit gebeurt om zo snel mogelijk te kunnen ingrijpen als er iets fout gaat of dreigt fout te gaan.
Wil een onderneming op elk moment en snel een balans en winst–en–verliesrekening kunnen maken, dan passen de meeste bedrijven daartoe in hun boekhouding de permanentie of permanence toe. Voluit: ‘permanence de l’inventaire et des profits et des pertes’. Een wat lange dure (Franse) benaming, zodat wij het kortweg houden op permanentie.

Permanentie
De wijze van boeken, waarbij op elk moment (meestal maandelijks) een balans en winst–en–verliesrekening kan worden opgesteld. Voorwaarde is wel dat met zuivere rekeningen wordt gewerkt.

Als in het grootboek uitsluitend wordt gewerkt met zuivere rekeningen, kan de onderneming permanent aan de hand van de kosten en opbrengsten het resultaat
bepalen.

Om op elk gewenst moment een winst–en–verliesrekening te kunnen opstellen, moet de onderneming permanent de waarde van elke bezitting, schuld, kosten en opbrengst weergeven in het grootboek.
https://www.bookspot.be/images/active/InkijkPDF/cb/978903724...

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Note added at 3 days 5 hrs (2020-10-17 18:05:37 GMT)
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PS. If you haven’t already completed and delivered your project, you may still want to explore the concept of “accrual accounting” as an alternative - and possibly more accurate - interpretation (cf. "permanence/permanentie in de boekhouding").

Kitty Brussaard
Netherlands
Specializes in field
Native speaker of: Native in DutchDutch
PRO pts in category: 84
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