Arvepõhine

Arvepõhine refers to a payment method or system where transactions are initiated and managed through invoices. Instead of immediate payment via cash, card, or other direct methods, an invoice is issued to the buyer detailing the goods or services provided, the amount due, and the payment terms. The buyer then processes this invoice, typically through their own accounts payable system, and makes the payment by the specified due date. This method is common in business-to-business transactions, where it allows for credit periods and streamlined accounting. It can also be used by service providers, freelancers, and utility companies to bill their clients or customers. The process often involves sending a formal document, either physically or digitally, which serves as a record of the transaction and a request for payment. Key elements of an arvepõhine system include the invoice itself, a unique invoice number for tracking, clear description of items, quantities, unit prices, total amount, currency, payment deadline, and bank details for remittance. This approach facilitates financial management for both parties, allowing businesses to manage cash flow and maintain detailed records of their expenses and income.