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"outstanding balances" vs "outstandings"

Both phrases are correct, but they are used in different contexts. 'Outstandings' is a term used in accounting to refer to amounts owed or due, while 'outstanding balances' is a more common and general term used to describe unpaid amounts or debts.

Last Updated: March 20, 2024

outstanding balances

This is a more common and general term used to describe unpaid amounts or debts.

'Outstanding balances' is a general term used to describe unpaid amounts or debts that are still owed.

Examples:

  • Please pay your outstanding balances by the due date.
  • The outstanding balances on the accounts need to be reconciled.

Alternatives:

  • unpaid balances
  • outstanding debts
  • amounts due
  • pending payments
  • outstanding invoices

outstandings

This term is used in accounting to refer to amounts owed or due.

The term 'outstandings' is commonly used in accounting to refer to outstanding amounts that are owed or due.

Examples:

  • The company's outstandings have increased this quarter.
  • We need to follow up on the outstandings with our clients.

Alternatives:

  • outstanding amounts
  • outstanding debts
  • unpaid balances
  • amounts due
  • outstanding invoices

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