Reikningarnir

Reikningarnir is the definite plural form of the Icelandic noun reikningur. In Icelandic, reikningur commonly means an invoice or bill issued by a seller to a buyer, requesting payment. The plural reikningar denotes multiple invoices, while the definite form reikningarnir means "the invoices." The word can also refer to accounting records or financial statements of an organization, depending on context.

In commerce, an invoice typically includes the seller and buyer information, date, a description of goods or services, quantities, prices, tax, totals, and terms of payment. In Icelandic business practice, value-added tax (VAT) and other statutory charges are shown on the invoice, and there are rules governing invoicing and record-keeping.

In accounting and finance, reikningar may denote the financial records or accounts of an entity—such as ledgers, statements of income and expenditure, or the overall accounts. The term appears in legal, tax, and business documents and is used by companies, accountants, and authorities to refer to money owed or recorded transactions.

Etymology: The word derives from Old Norse reikningr, meaning calculation or reckoning, and has been used in Icelandic for centuries to denote both invoices and accounting records.