gasto contable

English translation: expense in accounting // accounting expense

15:45 May 18, 2020
Spanish to English translations [PRO]
Bus/Financial - Accounting
Spanish term or phrase: gasto contable
Se debe verificar que el gasto corresponda al valor de las actividades ejecutados, que surge de la valoración monetaria de las actividades realizadas en cada año.
No es presupuesto ni es gasto contable.

Es un informe bastante escueto, no tengo mucho más contexto.

¡Gracias!
Elizabeth Ardans
Uruguay
Local time: 09:16
English translation:expense in accounting // accounting expense
Explanation:
According to the link https://corporatefinanceinstitute.com/resources/knowledge/ac...

"An expense in accounting is the money spent, or costs incurred, by a business in their effort to generate revenues. Essentially, accounts expenses represent the cost of doing business; they are the sum of all the activities that result in (hopefully) a profit."

I would translate the sentence as:

"It's not a budget nor an expense in accounting."

It seems that the report is referring to verifying whether the value of the expenses incurred matches the value of whatever was purchased in a given year.
Selected response from:

Michael Grabczan-Grabowski
Canada
Local time: 06:16
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +6expense in accounting // accounting expense
Michael Grabczan-Grabowski
5 +2book cost
Richard Cadena
4countable expense
Lisa Rosengard
3accounting cost
Andrea Sacchi


  

Answers


9 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +6
expense in accounting // accounting expense


Explanation:
According to the link https://corporatefinanceinstitute.com/resources/knowledge/ac...

"An expense in accounting is the money spent, or costs incurred, by a business in their effort to generate revenues. Essentially, accounts expenses represent the cost of doing business; they are the sum of all the activities that result in (hopefully) a profit."

I would translate the sentence as:

"It's not a budget nor an expense in accounting."

It seems that the report is referring to verifying whether the value of the expenses incurred matches the value of whatever was purchased in a given year.

Michael Grabczan-Grabowski
Canada
Local time: 06:16
Specializes in field
Native speaker of: English
PRO pts in category: 8
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  Ramon Armora
2 mins
  -> Thanks, Ramon.

agree  Elisa Ksiazenicki
2 hrs
  -> Thank you!

agree  Lydia De Jorge: accounting expense
4 hrs
  -> Agreed. It fits better. Thanks.

agree  Adrian MM.: expense in and not of accounting: qonto.eu/es/tips/sme/cuales-son-las-cuentas-de-gastos-en-contabilidad
6 hrs
  -> Yes, that puts it quite clearly, i.e. "gastos contables" = "gastos en contabilidad". Thanks!

agree  liz askew
16 hrs
  -> ¡Gracias!

agree  philgoddard: Accounting expense is more concise.
23 hrs
  -> Agreed. Thanks, Phil.
Login to enter a peer comment (or grade)

14 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
accounting cost


Explanation:
Gasto contable es todo aquel realizado por la empresa en el desarrollo de su actividad y que incide en su patrimonio.

"Accounting cost is the recorded cost of an activity. An accounting cost is recorded in the ledgers of a business, so the cost appears in an entity's financial statements."

https://www.accountingtools.com/articles/accounting-cost-def...


Andrea Sacchi
United Kingdom
Native speaker of: Native in SpanishSpanish
PRO pts in category: 4
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 5/5 peer agreement (net): +2
book cost


Explanation:
https://businessjargons.com/book-cost.html

Book Cost

Definition: The Book Cost refers to those expenses which do not involve actual cash payments, but rather the provisions are made in the books of accounts to include them in the profit and loss accounts and avail the tax advantages.

In other words, the expenses which are not payable in cash, but rather their provisions are made in the books of accounts while finalizing the profit and loss statement, is called as book costs. Simply, we can say that these are the payments that firm pays it to itself. The provision for depreciation, unpaid interest on owner’s fund or capital are the examples of book cost.

Hope this helps.


    Reference: http://aicpa.org
    Reference: http://imcp.org.mx
Richard Cadena
Mexico
Local time: 06:16
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 726

Peer comments on this answer (and responses from the answerer)
agree  Luis M. Sosa
40 mins

agree  Seth Phillips
48 mins

neutral  Michael Grabczan-Grabowski: I believe you're describing an accrued expense, which is likely what the asker's first sentence refers to. However, the part "No es presupuesto ni es gasto contable" is confirming that it's not a realized accounting expense.
1 hr

neutral  philgoddard: This is fine, but we've already had two good answers.
22 hrs
Login to enter a peer comment (or grade)

5 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
countable expense


Explanation:
I assume 'gasto' to be the noun meaning 'expense' qualified by 'contable' (countable) as an adjective.

Lisa Rosengard
United Kingdom
Local time: 12:16
Specializes in field
Native speaker of: English
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search