kokonaisloppusumma

Kokonaisloppusumma is a Finnish financial term that refers to the overall final amount payable or receivable in a transaction after all items, charges, and adjustments have been accounted for. It roughly translates to “total final amount.”

The term is used in various financial communications, including invoices, quotations, loan statements, insurance settlements, and procurement contracts. It signals the amount that must be paid by the customer or that the seller will receive at the end of the transaction.

A typical kokonaisloppusumma includes several components, such as the base price, value-added tax (VAT), shipping or handling fees, and other charges. It may also incorporate interest on financing, service fees, and adjustments like discounts, coupons, rebates, credits, or refunds. The exact components depend on the contract and applicable laws and regulations.

Calculation of the kokonaisloppusumma is usually performed by summing line items and applying any necessary adjustments. A simple representation is: kokonaisloppusumma = base price + taxes + shipping + fees + interest − discounts − refunds + credits. VAT is often shown separately on invoices but is included in the total amount due.

In practice, kokonaisloppusumma may be used interchangeably with loppusumma in everyday language, but some contexts distinguish between the final price to be paid and the price excluding certain items such as taxes or shipping. For clarity, the exact composition should be specified in formal documents or invoices.