Subscriber

economic-dictionary

The subscriber concept is commonly applied in multiple economic fields, such as finance or accounting practice. It thus assumes different meanings depending on its practical use in each discipline.

It is common for the frequent term subscriber to have a series of very different related meanings or concepts in the field of economics.

Mostly the meaning of the concept is summarized in a condition of transaction undertaken or completed. It is, at the most basic level of the term, an economic or monetary consideration that has already been paid in exchange for a certain service.

Although the concept shares most of its meaning regardless of the field or scope of action in economics that we are talking about, there are nuances or significant small details regarding its various uses.

Subscriber in different economic fields

One of them, very widely used, is the condition of an individual's subscription to a certain service continued over time or a number of times of consumption in particular.

In this sense, a subscriber to the light and electricity service, to a pay television or another type of service fulfills these conditions by contracting them.

It is also understood as something paid to all financial compensation, monetary or in kind, that has been correctly completed. It would be a full payment as consideration for a good or service enjoyed.

That is, the total amount assumed when buying or contracting the product has been fully satisfied between the consumer and the supplier or seller.

On the other hand, in the business billing activity, very common in the day-to-day life of any self-employed person, company or economic body, the invoice paid is the one intended to cancel or cancel previous invoices issued.

In this sense, it is common for a subscription invoice to be identified with corrective invoices, within business jargon. Its objective is the correction of errors in the writing of delivery notes and invoices.

The concept of subscriber in accounting

As indicated at the beginning, the accounting field is a field in which the use of the subscriber concept is more widespread, thanks to the existence of the accounting credit.

This fact responds to the fact that the annotation of charges and credits is the basis of common accounting practice, as established by the widespread theory of charge and credit.

However, in the case of accounting, the fact that there is something paid does not necessarily mean that its corresponding payment has already been made.

It is therefore an accounting entry that would signal a payment commitment contracted for a future moment. Alternatively we would speak of a partial disbursement whose completion would be pending.

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