Italian word
bilancio
balance sheet; financial statements; budget; balance (in general)
Looks like
balance
equilibrium; a bank balance; the remaining amount
⚠️ The trap
'Bilancio' in Italian covers the annual financial statements (bilancio d'esercizio), the balance sheet, and the public/company budget (bilancio dello Stato). English 'balance' is simply 'saldo' (bank balance) or 'equilibrio'. Very frequent source of confusion in Italian finance.
To say "equilibrium; a bank balance; the remaining amount" in Italian:
bilancio (balance sheet/accounts/budget)
"bilancio" in English means:
balance sheet; financial statements; budget; balance (in general)
Example
"Il bilancio d'esercizio deve essere approvato entro centoventi giorni dalla chiusura."
"The annual financial statements must be approved within one hundred and twenty days of the year end."
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