Glossary entry (derived from question below)
English term or phrase:
open balance settlement
Serbian translation:
izmirenje otvorenih stavki
Added to glossary by
Bogdan Petrovic
Nov 13, 2020 20:32
3 yrs ago
21 viewers *
English term
open balance settlement
English to Serbian
Bus/Financial
Business/Commerce (general)
Do not promise credit exceptions without prior alignment with your line Manager; it is imperative to respect and follow all procedures and guidelines currently applicable.
Do not forget to check daily with your Team Leader, provide daily input on how and other suppliers and competitors are handling credit days with your customers.
Capture and share with your line manager all requests for credit extension (both in and out of policy) in case that during your visit, customer offers you cash payment on open balance settlement, inform your Team Leader and wait for alignment and guidance from Finance department.
Do not forget to check daily with your Team Leader, provide daily input on how and other suppliers and competitors are handling credit days with your customers.
Capture and share with your line manager all requests for credit extension (both in and out of policy) in case that during your visit, customer offers you cash payment on open balance settlement, inform your Team Leader and wait for alignment and guidance from Finance department.
Proposed translations
(Serbian)
5 +4 | izmirenje otvorenih stavki | Miomira Brankovic |
4 | измирење тренутног дуга / свих дугованих износа | Daryo |
Proposed translations
+4
12 hrs
Selected
izmirenje otvorenih stavki
Settlement u ovom slučaju je izmirenje, namirenje, plaćanje dospelog duga.
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Comment: "Hvala!"
23 hrs
измирење тренутног дуга / свих дугованих износа
the "open balance" is what is currently owed at some point in time - it doesn't necessarily mean that the payment is due at that point in time.
So "open balance settlement" will mean paying whatever is the "currrent amount of credit given to the buyer" no matter if the payment is overdue or is due at some later date.
So "open balance settlement" will mean paying whatever is the "currrent amount of credit given to the buyer" no matter if the payment is overdue or is due at some later date.
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