German word

bilanzieren

Pronunciation

IPA/bilanˈt͡siːʁən/

Meaning

  • verbclose the books

Example

Die Firma bilanziert das Geschäftsjahr.

The company closes its books for the fiscal year.

Illustration for bilanzieren (close the books)

More examples

Der Controller empfiehlt, nach HGB zu bilanzieren.

The controller recommends closing the books under the HGB.

Core concept

An accountant gathers a year's figures onto one balance sheet, making gains, losses, assets, and liabilities visible together.

Common phrases

  • nach HGB bilanzieren

    close the books under the HGB

  • als Aufwand bilanzieren

    recognize as an expense

  • per Stichtag bilanzieren

    close the books as of the cutoff date

Similar words

abschließen: Bring an accounting period to an official close in the books.
verbuchen: Enter business transactions in the books under their relevant accounts.
verrechnen: Set amounts against each other to determine the balance between them.
ausweisen: List a financial amount or item clearly in the financial statements.

Definition in German

Geschäftsergebnisse rechnerisch zusammenfassen und in einer Bilanz darstellen

Word origin

Bilanzieren is formed from German Bilanz with -ieren; Bilanz came via Italian bilancia from Latin bilanx, meaning a balance or pair of scales.

Usage tips

  • In standard business German, bilanzieren commonly takes an accusative object, as in das Geschäftsjahr bilanzieren, and uses haben in the perfect.

Other meanings

  • draw up a balance sheetverb
  • recordverb

Related words

  • Bilanzprüfungaudit of the balance sheetnoun
  • bilanzierbareligible for balance-sheet recognitionadjective

Word lists with this word