FNP INTERCO - SERVICES

English translation: Unbilled payables - Interco - Services

09:35 Oct 13, 2020
French to English translations [PRO]
Bus/Financial - Business/Commerce (general) / Financial Statement
French term or phrase: FNP INTERCO - SERVICES
Hello all,
Another item from a financial statement. The agency has FNP as unbilled payables in its database, just not sure about interco. Intercompany? Thanks for any help....
Anne Greaves
United Kingdom
Local time: 14:03
English translation:Unbilled payables - Interco - Services
Explanation:
FNP = Factures non parvenues, so your database's "unbilled payables" is OK. It refers to an goods or services that you have received, but for which the bill hasn't been received yet. For cut-off reasons, you need to make an accrual for the relevant amount in your accounts.

e.g.
https://www.compta-facile.com/les-factures-non-parvenues-fnp...

Based on what you've described, I see no reason why it shouldn't be "intercompany", i.e. relating to transactions with other companies in the same group. It is OK abbreviate to "Interco" in English, if space is lacking - accountants will know what it means.

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Note added at 14 mins (2020-10-13 09:50:05 GMT)
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"It refers to goods or services..."
I don't seem to be able to re-edit this entry to get rid of the typo
Selected response from:

Steve Robbie
United Kingdom
Local time: 14:03
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2Unbilled payables - Interco - Services
Steve Robbie
4accrued expenses payable -Interco-Services
Francois Boye


Discussion entries: 5





  

Answers


11 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
Unbilled payables - Interco - Services


Explanation:
FNP = Factures non parvenues, so your database's "unbilled payables" is OK. It refers to an goods or services that you have received, but for which the bill hasn't been received yet. For cut-off reasons, you need to make an accrual for the relevant amount in your accounts.

e.g.
https://www.compta-facile.com/les-factures-non-parvenues-fnp...

Based on what you've described, I see no reason why it shouldn't be "intercompany", i.e. relating to transactions with other companies in the same group. It is OK abbreviate to "Interco" in English, if space is lacking - accountants will know what it means.

--------------------------------------------------
Note added at 14 mins (2020-10-13 09:50:05 GMT)
--------------------------------------------------

"It refers to goods or services..."
I don't seem to be able to re-edit this entry to get rid of the typo

Steve Robbie
United Kingdom
Local time: 14:03
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8

Peer comments on this answer (and responses from the answerer)
agree  mchd: "Interco" s'utilise aussi en français
41 mins
  -> Good point! I forgot to mention that it's an English word anyway.

agree  James A. Walsh
2 hrs

agree  philgoddard
5 hrs

disagree  Francois Boye: FNP is not an unbliied payable. Instead, They are bills received AFTER the accounting period.. As the result, The bills in this account are usually recorded with accrual adjusting entries made at the end of the accounting period
8 hrs
  -> They are unbilled at the year end. That is why they are called "unbilled". You are right about the rest.
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8 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
accrued expenses payable -Interco-Services


Explanation:
Qu'est-ce qu'une FNP ?

Une FNP est une facture non parvenue. C'est une facture que l'entreprise doit comptabiliser parce que la livraison ou la finalisation de la prestation de service ont eu lieu au cours de l'exercice clos. Ce sont des écritures de régularisation qui permettent de rattacher la charge au bon exercice comptable. Elles prennent la forme d'une CHARGE A PAYER.

https://debitoor.fr/termes-comptables/charge-payer


What is the difference between accounts payable and accrued expenses payable?
Definition of Accounts Payable

Accounts Payable is a liability account in which suppliers' or vendors' approved invoices are recorded. As a result, the balance in Accounts Payable should be a precise amount.

Definition of Accrued Expenses Payable
Accrued Expenses Payable is a liability account that records amounts that are owed, but the vendors' invoices have not yet been received and/or have not yet been recorded in Accounts Payable as of the end of the accounting period. The amounts in this account are usually recorded with accrual adjusting entries made at the end of the accounting period.

Examples of Accrued Expenses Payable
In addition to the amounts associated with vendors' invoices, accrued expenses may also include wages, interest, utilities, and other expenses that were incurred and owed, but not yet recorded in the general ledger accounts. Some of the amounts recorded in Accrued Expenses Payable may be estimated amounts that should supported by reasonable and documented calculations..

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Note added at 1 day 5 hrs (2020-10-14 14:46:22 GMT)
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Définition de l'Intercos

L'intercos est une opération comptable effectuée dans les groupes de sociétés, qui consiste à supprimer toutes les opérations effectuées entre des sociétés appartenant à un même groupe.

Ce rapprochement d'opérations intra-groupe, appelé « Intercos », concerne en majorité les opérations suivantes :

les achats et ventes de marchandises ou de services entre sociétés d'un même groupe ;
les financements accordés entre entités d'une même compagnie ;
les cessions intra-groupe d'immobilisations ;
les distributions de dividendes entre sociétés membre d'un même groupe.

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Note added at 1 day 5 hrs (2020-10-14 14:55:57 GMT)
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accrued expenses payable -Interco-Services = accrued expenses payable settlement services across companies of the same group

Francois Boye
United States
Local time: 10:03
Specializes in field
Native speaker of: Native in FrenchFrench
PRO pts in category: 102

Peer comments on this answer (and responses from the answerer)
neutral  Steve Robbie: As your examples make clear, invoice accruals are only one type of accrued expense. So this suggestion isn't wrong, but it also isn't precise.
9 mins
  -> Unbilled payables are NOT accrued expenses payable. You should have read the definition of FNP in French first before translating.
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