tilasumma

Tilasumma is a Finnish term for the current balance on an account, referring to the net amount remaining after all transactions up to a given date. In everyday use it is often synonymous with tilin saldo or saldo, but in formal bookkeeping the concept can also denote the ending balance of a specific account in the general ledger.

Calculation and meaning: The tilasumma is typically calculated as the opening balance plus credits minus debits, with possible adjustments for bank charges, interest, or other postings. It can be positive (credit balance) or negative (overdraft). In banking, the tilasumma on a statement indicates funds available for use, while pending or unsettled transactions may temporarily affect the usable amount.

Contexts and variations: In banks and online banking, tilasumma is the figure users see as their balance. Some systems distinguish between the available balance (the amount you can spend immediately) and the ledger balance (the accounting record of the account, which may include holds or pending items).

Reconciliation and use: Reconciliation involves comparing the tilasumma in internal records with the bank statement to ensure accuracy. The balance is a key figure in budgeting, financial reporting, and cash management, informing decisions about spending, transfers, and liquidity.

See also: tilin saldo, pankkitili, kirjanpito, pankkitositte.