Encyclopedia

An accounting ledger that shows the transaction and payment history of each client who is given credit (debiteurenadministratie).

Procedures and documentation for safeguarding assets, recording financial transactions and the ensuring the reliability of financial records. (accounting controls)

Also called the debtor’s ledger. When a debtor or client owes money to government that is an account receivable. The debtor’s administration provides information on which clients owes money, and of course, how much they owe.(debiteurenadministratie)

Accrual accounting or accrual-based accounting is an accounting method that records revenues and expenditures when they are incurred, regardless of when cash is received. (<em>batenlastenstelsel</em>)