Tilivelpoista

Tilivelpoista is a Finnish term used primarily in accounting and financial software contexts. It denotes the act of clearing or removing balances or liabilities from an account, typically as part of reconciliation or closing procedures. The term is not widely defined in dictionaries and is mainly found in internal documentation, ERP manuals, and bank reconciliation guides in Finnish.

Etymology and scope: The word is formed from tilin (genitive of tili, account) and velka (debt) with the common verb suffix -poistaa meaning “to remove,” producing roughly “to remove the debt from an account.” In practice tilivelpoista is encountered as a noun referring to the act or process of clearing balances or liabilities.

Definition and usage: Tilivelpoisto refers to clearing entries that reduce or eliminate a balance, offsetting liabilities with corresponding credits, refunds, chargebacks, or adjustments. It can be full (zeroing the balance) or partial and may involve adjustments across multiple accounts or cost centers. It is distinct from simply posting transactions; tilivelpoisto is a deliberate balancing action within an accounting cycle or closing procedure.

Context and considerations: The term appears mainly in Finnish-language accounting and software documentation. In user interfaces, it may label a function or report that performs a reconciliation step. Because practices vary by system, the exact procedure for tilivelpoisto depends on software and accounting policies. For audits and reporting, tilivelpoisto should be documented to maintain an auditable trail.

See also: account reconciliation, bank reconciliation, offsetting entries, closing procedures.