balancing of accounts (english) - meaning, definition, translation, pronunciation

Part of Speech

Noun Phrase

Phonetic Transcription

/bəˈlæn sɪŋ əv əˈkaʊnts/

Meaning and Usage

The term "balancing of accounts" refers to the process of ensuring that the credits and debits in an account are in agreement, which means that all financial transactions have been properly recorded and any discrepancies have been resolved. This practice is essential in accounting and financial management and is performed frequently in various contexts, including personal finance, business accounting, and auditing processes. It is commonly used in both written and oral contexts, but tends to appear more frequently in written documents such as reports and financial statements.

Example Sentences

1. The balancing of accounts revealed several discrepancies that needed immediate attention.

2. La conciliación de cuentas reveló varias discrepancias que necesitaban atención inmediata.

3. After the balancing of accounts, the accountant found that the company's expenses had been underreported.

4. Después de la conciliación de cuentas, el contador descubrió que los gastos de la empresa habían sido subestimados.

5. The final step in the monthly review process is the balancing of accounts.

6. El paso final del proceso de revisión mensual es la conciliación de cuentas.

Idiomatic Expressions

While "balancing of accounts" itself is not commonly found in idiomatic expressions, the concept of "balancing" is often used in various phrases related to finance and management. Here are a few examples:

1. "To balance the books."
2. It's essential for every business to balance the books regularly to avoid financial pitfalls.

3. Es esencial que cada negocio ajuste sus libros regularmente para evitar problemas financieros.

4. "To balance the scales."

5. The new policy is intended to balance the scales between employees and management.

6. La nueva política tiene como objetivo equilibrar las escalas entre empleados y dirección.

7. "To strike a balance."

8. It can be challenging to strike a balance between work and personal life.

9. Puede ser complicado encontrar un equilibrio entre el trabajo y la vida personal.

10. "To balance the budget."

11. The government has committed to balancing the budget by the end of the fiscal year.

12. El gobierno se ha comprometido a equilibrar el presupuesto para finales del año fiscal.

13. "To keep in balance."

14. It is important to keep in balance your spending and saving habits.
15. Es importante mantener en equilibrio tus hábitos de gasto y ahorro.

Etymology

The phrase "balancing of accounts" derives from the verb "to balance," which originates from the Middle English word "balancen," from Old French "balancer" meaning "to poise, to compare." The term "account" comes from the Old French "aconter," which means "to count, to inform," from the Latin "computare," meaning "to sum up." Over time, the use of "balancing of accounts" has evolved to represent the financial settling process.

Synonyms and Antonyms

Synonyms: - Reconciliation of accounts - Settlement of accounts - Adjustment of accounts

Antonyms: - Discrepancy - Imbalance - Inconsistency