arvelduste

Arvelduste is a term used in Estonian finance to describe the processes involved in settling financial obligations between parties. It encompasses issuing and sending invoices, recording claims, receiving and applying payments, and reconciling balances in the general ledger and with bank statements. In practice, arvelduste management covers both accounts receivable (payments due from customers) and accounts payable (payments owed to suppliers), as well as intercompany and bank settlements. The goal is to ensure timely payments, maintain liquidity, and produce accurate financial reports.

Modern arvelduste rely heavily on electronic invoicing and payment systems, such as online banking, card payments, and electronic data interchange. Businesses often use accounting software or ERP systems to automate invoice generation, tracking, payment matching, and reconciliation. Effective arvelduste require internal controls to prevent errors and fraud and compliance with tax and accounting rules, including VAT invoicing requirements and proper recording of cash flows.

Common challenges include late or missing payments, lengthy settlement cycles, currency conversions in cross-border transactions, and reconciliation discrepancies. Improved arvelduste can reduce days sales outstanding, speed up cash flow, and provide audit trails. The concept is used in Estonian corporate finance and mirrors international terminology for settlements, invoicing, and accounts reconciliation. See also accounting, invoicing, accounts receivable and payable, cash management, bank reconciliation.