Lõppsumm

Lõppsumm is an Estonian noun meaning the final total amount reached after adding together individual prices, quantities, or calculations. It is commonly used in accounting, invoicing, budgeting, and everyday arithmetic to denote the closing figure that summarises all components of a calculation.

Etymology: The word combines lõpp (end, finish) with summa (sum), conveying the idea of the sum that marks the end of a calculation or transaction.

Usage: In invoices and receipts, lõppsumm refers to the amount payable. Depending on the context it may include value-added tax and other charges, or be stated as the amount before tax (käibemaksuta lõppsumm). In accounting and financial reporting, the term is used for the closing balance or final tally for a period after all revenues, costs, discounts, and taxes are applied. In budgeting or cost estimates, lõppsumm is the final figure used for comparison with actual outcomes.

Examples: A quotation lists items totaling 1,000 euros. If VAT is 20%, the lõppsumm (with VAT) is 1,200 euros; with a 100-euro discount the final figure might be 1,100 euros, subject to the discount terms.

Variants and related terms: Some texts use lõppsumma or lõpp-summa as alternatives. The exact usage can vary by industry or institution. When interpreting a document, check whether the stated lõppsumm includes taxes, fees, and discounts.

Relation to other concepts: It is akin to the final total, closing balance, or final tally found in accounting, invoicing, and budgeting in Estonian.