Endrechnung

Endrechnung is a term used in German-speaking business to describe the final accounting stage in a project or contractual relationship, in which all costs, revenues and adjustments are settled. It is often used interchangeably with Schlussrechnung or Endabrechnung, depending on the sector and region. The Endrechnung closes the financial books for a project by comparing planned (Soll) and actual (Ist) values, and by documenting deviations, additional work (Nachträge), credits, and retentions.

The content typically includes the final cost tally, including direct costs, overheads, subcontractor invoices, credits from early payments, refunds, and applicable taxes such as value-added tax. It also records variances from the initial estimate, reasons for changes, and any settlements with suppliers, clients, or authorities. The final invoice or settlement is issued to the client or contract partner, and payment is processed according to contract terms; any disputes may trigger an adjustment or a separate dispute resolution procedure.

In practice, Endrechnung requires complete documentation: invoices, delivery notes, change orders, service reports, and approvals. It is governed by contract law and, in public or regulated sectors, by procurement or tax regulations. A formal Acceptance or Release of final accounts may accompany the Endrechnung to finalize obligations and enable financial closure.

Endrechnung is commonly encountered in construction, public procurement, IT projects and other long-running contracts, where a clear closing of accounts is essential for project evaluation and financial transparency.