← Back to Glossary
過 不足
[kafusoku] - excess and deficiency

過不足 (kafusoku) is a Japanese term that translates to "excess and deficiency" in English. It generally refers to the state of having either too much or too little of something. In various contexts, it can denote imbalance or discrepancy.

In accounting and financial contexts, kafusoku can refer to discrepancies in financial statements or accounts, indicating either surplus or deficit that needs to be addressed.

For instance, in a business setting, if an inventory check shows more or fewer items than recorded, this discrepancy is a kafusoku. The company would need to investigate and correct the discrepancy to ensure accurate records.


Comply with Japan’s Electronic Bookkeping Act
Use MailMate to comply with Japan’s Electronic Bookkeping Act and ensure receipts, invoices, purchase orders, income statements, and balance sheets are correctly stored. ✨

By signing up, you agree to our Terms of Service, Privacy Policy, and Handling of Personal Information.

See Also

減価償却費   [genkashoukyakuhi] - depreciation expense

減価償却費 (genkashoukyakuhi) means depreciation expense in Japanese.

Depreciation expense is the accounting process of allocating the cost of tangible assets over their useful lives. This method recognizes that assets like machinery, vehicles, and buildings lose value over time due to wear and tear, usage, or obsolescence.

In Japan, depreciation expense is a significant component of financial statements, helping businesses reflect the declining value of their fixed assets accurately. The amount and method of depreciation can affect a company's taxable income, making it crucial for tax reporting and financial planning.

The two common methods of depreciation in Japan are the straight-line method, where the asset's cost is spread evenly over its useful life, and the declining balance method, where higher depreciation expenses are recorded in the earlier years of the asset's life, decreasing over time.

Understanding and correctly applying depreciation expense is essential for accurate financial reporting and tax compliance in Japan.

Read more
経費   [keihi] - expenses or business expenses

In Japanese, the term 経費 (keihi) refers to "expenses" or "business expenses." These are the costs incurred in the process of running a business. Keihi can include a wide range of expenditures such as rent for office space, utilities like electricity, water, and internet, employee salaries and wages, office supplies, travel expenses, marketing and advertising costs, and depreciation of assets. Properly tracking and managing keihi is essential for maintaining accurate financial records, budgeting, and ensuring compliance with tax regulations. In Japan, businesses must be meticulous in documenting and categorizing their expenses to maximize tax deductions and maintain transparency with the tax authorities.

Read more
償却 資産   [shoukyaku shisan] - depreciable assets

償却資産 (shoukyaku shisan) is a Japanese term that translates to "depreciable assets" or "amortizable assets" in English. It refers to tangible fixed assets that are subject to depreciation over time due to wear and tear, obsolescence, or usage.

Examples of 償却資産 include machinery, equipment, buildings, and vehicles. These assets are capitalized on a company's balance sheet and their cost is gradually expensed through depreciation over their useful life. This accounting practice helps in matching the cost of the asset with the revenue it generates, providing a more accurate picture of a company's financial performance.

Read more

Frequently Asked Questions

過不足 (kafusoku) is a Japanese term that translates to "excess and deficiency" in English. It generally refers to the state of having either too much or too little of something. In various contexts, it can denote imbalance or discrepancy.


Excess and deficiency is 過 不足 (kafusoku) in Japanese.




← Back to Glossary

Japan’s first bilingual virtual mail, virtual address, and virtual receptionist provider

Get an all-in-one bilingual mail and compliance service to power the growth of your startup in Japan.

By signing up, you agree to our Terms of Service, Privacy Policy, and Handling of Personal Information.