Tarnijaarveldust

Tarnijaarveldust, a term originating from Estonian, generally refers to the process of reconciling accounts with suppliers or vendors. It involves comparing the records of invoices received from suppliers with the company's own internal records of goods or services received and payments made. The primary goal is to ensure that both parties agree on the outstanding balances and to identify any discrepancies that may have occurred.

This reconciliation typically takes place on a regular basis, often monthly or quarterly. It is a crucial step in maintaining accurate financial records and ensuring smooth supplier relationships. By verifying that all transactions are accounted for and that payments are correctly applied, companies can prevent overpayments, underpayments, and disputes.

The process of tarnijaarveldust can involve several steps. It begins with gathering all relevant documents, such as purchase orders, receiving reports, supplier invoices, and payment records. These documents are then compared systematically. Any differences found, such as variations in quantities, prices, or payment amounts, need to be investigated. This investigation might involve contacting the supplier to clarify the discrepancies or reviewing internal documentation for errors. Once resolved, adjustments are made to the accounting records to reflect the agreed-upon balances. Effective tarnijaarveldust contributes to better cash flow management and strengthens the financial health of a business.