Kohdetili

Kohdetili is a Finnish term used in financial contexts to denote the destination or target account in a transaction. In banking, kohdetili refers to the recipient’s bank account into which funds are transferred. It is specified in payment orders and transfers and is typically identified by the account number (for example an IBAN), the beneficiary’s name, and related payment details or references. The concept is central to ensuring that money flows to the intended recipient and that the transaction can be reconciled against bank statements.

In accounting and ERP systems, kohdetili can also describe the ledger or target account to which a monetary entry is allocated. In this sense, it designates where an income, expense, or transfer should be posted within the chart of accounts. The kohdetili in an internal posting may correspond to a cost center, project, department, or other internal account used for tracking and reporting.

Etymology and scope: the term is a compound of kohde (target) and tili (account). While widely used in Finnish finance and accounting practices, it is not a universal international standard term, and its exact meaning can vary slightly depending on the software or organization.

Practical note: accurate kohdetili information is essential for correct payment routing and proper financial reporting. Errors can lead to misdirected payments, reconciliation difficulties, or the need for reversals.