Definition

1. Verb:
   • To settle accounts, to finalize accounts: To summarize and conclude all income and expenditure items to determine the final financial result of a project, contract, or a specific accounting period.
   • To make a final settlement: To complete the final calculation and payment for a contract, project, or service.

Usage Examples

• Verb:
  • Công ty cần quyết toán thuế cuối năm. (The company needs to finalize its year-end tax settlement.)
  • Sau khi hoàn thành công trình, chúng tôi sẽ tiến hành quyết toán với chủ đầu tư. (After completing the project, we will proceed to settle the final accounts with the investor.)
  • Kế toán đang chuẩn bị hồ sơ để quyết toán hợp đồng. (The accountant is preparing documents to make the final settlement for the contract.)

Advanced Usage

• "quyết toán thuế": to finalize tax settlement; to complete tax finalization.
  • Hạn cuối quyết toán thuế thu nhập cá nhân là ngày 31 tháng 3. (The deadline for personal income tax finalization is March 31st.)
• "quyết toán hợp đồng": to settle a contract; to finalize contract accounts.
  • Việc quyết toán hợp đồng phải dựa trên biên bản nghiệm thu. (Contract settlement must be based on the handover minutes.)

Variants and Related Words

• Quyết toán (noun): The act or result of finalizing accounts. Often used in compounds like (finalization report), (settlement dossier).
  • Bộ phận kế toán đã nộp báo cáo quyết toán năm. (The accounting department has submitted the annual finalization report.)
• Thanh toán (verb): To pay. This refers to making a payment, while is the final accounting and settlement of all payments and costs.
• Tổng kết (verb): To summarize, to conclude. This is more general, while is specifically financial/accounting.

Synonyms

• Kết toán (verb): A less common synonym, also meaning to finalize accounts.
• Tổng hợp thanh toán (verb phrase): To aggregate and settle payments.

Related Phrases / Collocations

• Làm thủ tục quyết toán: To carry out the final settlement procedures.
• Quyết toán cuối kỳ: End-of-period settlement.
• Quyết toán ngân sách: Budget finalization/settlement.
• Quyết toán vốn đầu tư: Final settlement of investment capital.

verb

1. to draw the balancesheet