Glossary entry (derived from question below)
French term or phrase:
Retenue avantages en nature
English translation:
Hold back benefits in kind.
Added to glossary by
Mari O'Keefe
Feb 2, 2021 10:19
3 yrs ago
26 viewers *
French term
Retenue avantages en nature
French to English
Bus/Financial
Accounting
This appears under the sub-heading 'Production vendue' - 'Production sold'
Proposed translations
(English)
4 | Hold back benefits in kind. | MassimoA |
4 | Less: production used as benefit in kind | Steve Robbie |
3 -2 | Taxable benefits in kind | Bokani Hart |
Proposed translations
1 day 2 hrs
Selected
Hold back benefits in kind.
Benefits in kind are products instead of money.
4 KudoZ points awarded for this answer.
Comment: "Thank you!"
-2
1 hr
Taxable benefits in kind
Peer comment(s):
disagree |
Daryo
: "Taxable" is not part of this story
59 mins
|
disagree |
Steve Robbie
: As per Daryo
4 hrs
|
5 hrs
Less: production used as benefit in kind
What they mean is that some of the production has been used as a benefit in kind for employees.
The purpose of this line is to deduct the value from the gross production cost. This amount will be disclosed instead as part of their personnel costs.
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Note added at 5 hrs (2021-02-02 15:28:34 GMT)
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For "gross production cost", read "cost of production sold".
The purpose of this line is to deduct the value from the gross production cost. This amount will be disclosed instead as part of their personnel costs.
--------------------------------------------------
Note added at 5 hrs (2021-02-02 15:28:34 GMT)
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For "gross production cost", read "cost of production sold".
Peer comment(s):
neutral |
Daryo
: It's got to do with some kind of "perks / benefits in kind" but your version would be more a "lost sale".
4 hrs
|
I think you've misunderstood it. This is an adjustment to the net cost of production (production vendue), not to the sales account.
|
Discussion
It's most likely an adjustment to production vendue. ... which reclassifies the cost of goods given to employees from "production vendue" to something else (personnel costs).
Many companies sell to their own employees products they normally sell to regular clients but at more or less discounted prices.
Without seing the whole of these accounts I can't be 100% sure, but that's what would make most sense to me.
That means