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Greetings:
I'm translating a company's financial statements and have come across two line items:
"Cuentas por pagar" and "Acreedores Varios"
I thought "cuentas por pagar" was accounts payable until I ran across the second term, I was told "acreedores varios" is accounts payable. I'm totally lost :confused: they obviously don't mean the same thing since they are two different line items.
Could someone please shed some light on this.
Many thanks!!
Cyndi
Hi Cyndi
Cuentas a pagar is "accounts payable"
Acreedores varios: "sundry creditors"
Piru
Hellio Cyndi:
If you take these two terms separately, "cuentas a pagar" is "accounts payable" and "acreedores varios" can be "sundry creditors". The other possibility (the one I usually use in a separate context) is "other payables". If this comes to you in a combination of "cuentas a pagar y acreedores varios", then the combined package would be "accounts payable and accrued liabilities". What country are your F/S from? I live and work in Mexico City.
If you work a lot with accountants, I suggest buying monolingual material from the AICIPA. Their bookstore is at www.cpa2biz.com. I suggest starting with "Accounting Trends & Techniques", published yearly. I have 10 of them. Most of my clientele is made up of accounting firms. My e-mail is rjcadena@avantel.net.
Hope this helps.
Best regards,
Richard Cadena
para acreedores varios:
Sundry creditors.
Para cuentas a pagar:
Payable Accounts