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perpetual account

[/pərˈpɛtʃuəl əˈkaʊnt/]
nounpl: perpetual accounts
conta perpétua
1. An accounting system in which transactions are recorded continuously throughout the year, with inventory and accounts updated in real-time rather than at specific intervals
The company switched to a perpetual account system to have better inventory visibility.
A empresa mudou para um sistema de conta perpétua para ter melhor visibilidade do inventário.
2. A financial account that remains active indefinitely without a closing date
The trust established a perpetual account to ensure continuous support for the foundation.
O fundo estabeleceu uma conta perpétua para garantir apoio contínuo à fundação.
Synonyms
continuous inventory accountrunning accountperpetual inventory system
Antonyms
periodic accountperiodic inventory system

Regional Variations

General Brazilian
conta perpétua
Standard term used in accounting and finance
Portugal
conta perpétua
Same usage as in Brazil, common in accounting contexts

Related Idioms & Phrases

keep the books
maintain continuous records
real-time accounting
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