final accounting
Ultimate financial settlement
A final accounting is the comprehensive financial report prepared when settling an estate, trust, or business arrangement.
It details all assets, debts, income, and disbursements, providing a complete record before closing the matter: The executor submitted a final accounting to the probate court.
The phrase sometimes appears figuratively for any ultimate reckoning or judgment.
- auditFormal accounts examination
- reckoningSettlement of accounts
- balanceSteadiness or amount owed
- balance sheetAssets-liabilities-equity report
- ledgerFinancial record book
closing the books · settlement · judgment · judgment day · closure · tally · books · reconciliation · death · last rites · estate · last will · probate · liquidation · verdict · debts · payable · receivable
- estate paperslast will, testament, codicil, letters testamentary, death certificate
- liquidationliquidation, winding up, winding-up, liquidator, company closure
- probateexecutor, probate court, probate, beneficiary, executors
- inheritanceinheritance, inheritances, heir, heirs, heiress
final accountingrough estimate
Imprecise preliminary calculation
ballpark figure · approximation · guesstimate · rough calculation · estimate
final accountingopening balance
Amount when records begin
first draft · preliminary report · progress report · opening statement
final accountingfirst pass
Initial attempt at something
initial assessment · opening balance · work in progress · running total
final, finally, finale, finality, finalize, finalist, semifinal, quarterfinal, account