Saatuvien

Saatuvien is a Finnish term that translates to "receivables" in English. It refers to the money owed to a company by its customers for goods or services that have been delivered or rendered but not yet paid for. In accounting, saatuvien are considered assets because they represent a future economic benefit for the company.

Saatuvien can be categorized in various ways, such as trade receivables, which arise from normal business operations, and non-trade receivables, which can stem from sources like loans made to employees or other entities. The management of saatuvien is a crucial aspect of a company's financial health. Effective management involves processes like invoicing, credit assessment, collection, and write-off procedures for uncollectible accounts.

The aging of saatuvien, which tracks how long an amount has been outstanding, is a key metric. A high proportion of old receivables can indicate potential cash flow problems and increase the risk of bad debts. Companies typically have policies in place to manage credit terms offered to customers and to pursue overdue payments actively. The value of saatuvien is reported on a company's balance sheet.