net off against

USAGE SUMMARY

"net off against" is correct and usable in written English.
This phrase is typically used to describe a situation where two or more items are being compared and then any differences between them are calculated. For example, "We netted off the income and expenses to determine the company's overall profit for the quarter."

✓ Grammatically correct

News & Media

Wiki

Science

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

The receivable of 17.69 billion lire in Fininvest Roma's balance sheet simply netted off against the liabilities of 17.44 billion in Fininvest Srl's balance sheets.

The Economist

And second, each transaction is settled for its entire amount (as opposed to being "netted off" against other payments in the opposite direction).

The Economist

First, on the supply side, the required investment in social housing represents a good deal for the public purse since it provides much-needed employment in the construction industry and its supply chain, and reduced benefit pay-outs and increased tax revenues netted off against the considerable capital investment required.

The Guardian

This positive exposure to the UK capacity market, clarity on regulated networks and actions taken to correct the balance sheet net-off against continued political and retail market risk.

The Guardian - Business

Take the net off of the table.

WikiHow

Every few months, agents of this network of bankers would meet at the great fairs such as Lyon's, go through their books, net off all the credit notes against each other and settle any remaining debts.

BBC

Its investment in CRM shares would simply have been netted off against the related financing received.It needed to be.

The Economist

The ball pinballed into the net off defender Adam Matthews.

Huffington Post

Uncle Sam promises to accept those IOUs and net them off against the debts that you in turn owe him your tax bill, fees, fines, etc. but for all the excess dollars after that, your take-home pay, he's never going to make good on that debt.

HuffPost

The Comprehensive Spending Review is full of accounting tricks, which may permit departments to raise spending by more than the overall figures suggest for example, by allowing them to net off extra spending against fees and levies they collect (see article).

The Economist

This would allow banks to net off their purchases of securities against their sales, and thus to reduce the capital they have to set aside against their trading activities.

The Economist

Expert writing Tips

Best practice

When using "net off against", ensure that the context clearly indicates what items are being balanced or deducted. For example, "Net off the expenses against the revenue to calculate the profit."

Common error

Avoid using "net off against" when the direction of subtraction is unclear. Always specify which item is being reduced by the other to prevent confusion. For example, instead of saying "The costs were netted off against", clarify with "The costs were netted off against the revenue generated".

Linguistic Context

The phrase "net off against" primarily functions as a phrasal verb used in financial and accounting contexts. It describes the process of reducing a gross amount by deducting related items. Ludwig confirms its correct usage.

Expression frequency: Uncommon

Frequent in

News & Media

60%

Wiki

20%

Science

20%

Less common in

Formal & Business

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "net off against" is a grammatically sound phrasal verb predominantly used in financial and accounting contexts to describe the process of reducing a gross amount by deducting related items. Ludwig AI indicates that the phrase is correct and usable in written English. While not exceedingly common, it appears across various sources, including news media, wikis, and scientific publications. Related phrases like "offset against" and "deduct from" can serve as alternatives, depending on the specific nuance required. When using the phrase, ensure clarity regarding what is being balanced or deducted to avoid confusion. Overall, "net off against" is a useful term for precise financial communication.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

offset against

Replaces "net" with "offset", maintaining the core meaning of counterbalancing.

deduct from

Focuses on the subtraction aspect of netting off.

balance out against

Emphasizes the equilibrium achieved by netting off.

counterbalance with

Highlights the balancing effect using different terminology.

subtract from

A more direct way to describe the act of reducing one value by another.

cancel out against

Implies a complete neutralization of opposing values.

reconcile against

Suggests bringing two accounts into agreement by netting off.

take away from

A simpler expression for reducing an amount.

adjust for

Indicates making a correction or allowance by netting off.

compensate for

Focuses on the idea of making up for a deficit or loss.

FAQs

How can I use "net off against" in a sentence?

Use "net off against" to describe balancing or deducting one item from another. For instance, "The company "netted off against" its profits the losses from the previous quarter".

What's an alternative to saying "net off against"?

Alternatives include "offset against", "deduct from", or "balance out against", depending on the specific nuance you want to convey.

Is it grammatically correct to say "net off against"?

Yes, "net off against" is grammatically correct and commonly used in financial and accounting contexts. Ludwig AI confirms its acceptability.

What does "net off against" mean in accounting?

In accounting, "net off against" means to reduce the gross amount of an asset or liability by deducting a contra asset or contra liability. This results in a "net amount" that more accurately reflects the item's true value.