Arveldusmaksete

Arveldusmaksete refers to payments intended to settle financial obligations between parties, typically to clear invoices. In Estonian accounting and finance, arveldusmaksed are part of day-to-day monetary operations and include payments of supplier invoices, customer settlements, tax payments, and other obligations. They are commonly executed through bank transfers or other electronic payment methods supported by banks and payment service providers, such as SEPA transfers within the European Union, direct debit, card payments, and mobile payments. The payment process usually starts with a payment instruction from the payer, includes reference information (invoice number or customer ID) for reconciliation, and results in funds being credited to the recipient's bank account after processing times, which may vary from same-day to several days.

In accounting, arveldusmaksete are recorded as cash or bank transactions and affect correspondingly accounts payable or accounts receivable, and subsequently the company's cash flow and liquidity. They are matched with invoices during reconciliation to ensure accurate financial reporting. For organizations, arveldusmaksete planning involves setting due dates, scheduling payments to optimize working capital, and ensuring compliance with contractual terms.

Security and compliance considerations include authorisation workflows, verification of beneficiary details, fraud prevention, anti-money laundering controls, and data protection. Some cross-border arveldusmaksete may require additional information such as IBAN, BIC, or SWIFT codes and may incur foreign transaction fees and currency considerations.