Söluyfirlit

Söluyfirlit is an Icelandic term used in accounting to describe a financial report that summarizes a company’s sales activity for a defined period. It functions as an internal management and accounting tool, helping to monitor revenue performance, track progress against budgets, and support tax reporting and external financial statements. The content and format of a söluyfirlit can vary by company and software, but it generally provides a concise snapshot of sales-related numbers for the period.

A typical söluyfirlit includes elements such as gross sales, sales returns and allowances, discounts, and net sales. Depending on the organization, it may also show value-added tax (VSK) collected on sales, the breakdown between domestic and export sales, and related accounts receivable balances. The report is usually prepared from the sales ledger or the general ledger and is generated on a monthly or quarterly basis to coincide with the accounting period and close procedures.

Relation to other documents is important: a söluyfirlit is not a customer-facing document like a sales invoice (sölureikningur). Instead, it aggregates and summarizes multiple transactions to provide an overview of revenue performance and to support internal controls, budgeting, and VAT reporting. Formats and terminology may differ between organizations, but the underlying purpose remains the same: to offer a clear, period-specific view of sales activity and its impact on the financial statements.