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  2. Spanish to English
  3. Accounting

LP sist. aport.

10:47 Nov 29, 2023
This question was closed without grading. Reason: Answer found elsewhere

Spanish to English translations [PRO]
Bus/Financial - Accounting
Spanish term or phrase: LP sist. aport.
It's an accounting item.
James Arthur Williamson
Spain
Local time: 06:03


Summary of answers provided
3 +1Long-term contribution system
Edward Tully
4 -1Long term contributions to the system of employee retirement plans
Francois Boye
Summary of reference entries provided
Deferred compensation
patinba

Discussion entries: 1





  

Answers


5 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
Long-term contribution system


Explanation:
Hard without more context, but the item might refer to paying into pension or other funds, with the LP being 'largo plazo'.

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Note added at 30 mins (2023-11-29 11:17:56 GMT)
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It could also refer to the company paying into reserves.

Edward Tully
Local time: 06:03
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 295

Peer comments on this answer (and responses from the answerer)
agree  patinba: Roughly speaking, yes.
56 mins
  -> Many thanks! ;-)
disagree  Francois Boye: In English, they say contributions to the system, not contributions system
5 hrs
  -> In accounting entries, a short form would be used, hence the abbreviation in the original Spanish.
agree  Richard Cadena: Looks good to me, considering the circumstances.
15 hrs
  -> Many thanks Richard! ;-)
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5 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
Long term contributions to the system of employee retirement plans


Explanation:
This translation recapitutes Patinba's information.

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Note added at 6 hrs (2023-11-29 17:17:40 GMT)
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NB: recapitulates instead of recapitulates

Francois Boye
United States
Local time: 00:03
Native speaker of: Native in FrenchFrench
PRO pts in category: 129

Peer comments on this answer (and responses from the answerer)
disagree  Edward Tully: too long for an abbreviated accounting entry
1 hr
  -> Pls show me how to contract my translation! In Spanish, sist is an abbreviation standing for sistema de previsión de planes de pensión para los empleados
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Reference comments


1 hr peer agreement (net): +2
Reference: Deferred compensation

Reference information:
643. Retribuciones a largo plazo mediante sistemas de ...
La cuenta (643) Retribuciones a largo plazo mediante sistemas de aportación definida se utiliza para contabilizar el importe de las aportaciones devengadas por remuneraciones a largo plazo al personal de la empresa, tales como pensiones u otras prestaciones por jubilación o retiro, que se articulen a través de una compensación económica de carácter diferido, respecto al momento en el que se presta el servicio.

patinba
Argentina
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 604

Peer comments on this reference comment (and responses from the reference poster)
agree  philgoddard: You should post this as an answer - maybe 'deferred employee compensation' to make it clearer.
2 hrs
agree  Richard Cadena
14 hrs
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