viðskiptakröfur

Viðskiptakröfur, often translated as trade receivables or accounts receivable, represents the money owed to a company by its customers for goods or services that have been delivered or rendered but not yet paid for. These claims arise from credit sales made on an open account basis. Essentially, it is an asset on a company's balance sheet, indicating short-term financing provided by the seller to the buyer.

The value of viðskiptakröfur is an important indicator of a company's sales activity and its ability to collect payments from its customers. Managing trade receivables effectively is crucial for maintaining healthy cash flow. This involves establishing clear credit policies, performing credit checks on potential customers, and implementing efficient invoicing and collection procedures. The longer receivables remain outstanding, the higher the risk of them becoming uncollectible, potentially leading to bad debt expenses. Companies often monitor metrics such as the accounts receivable turnover ratio and the average collection period to assess their receivables management performance.