noun
final settlement; overall accounting
Accounting term for the final settlement or overall reckoning of accounts, often at the end of a period.
期末に総勘定を行う。
We perform the final settlement at the end of the term.
決算 refers broadly to settlement of accounts or financial closing, while 総勘定 specifically emphasizes the overall or final reckoning of all accounts.
Compound of 総 (そう, 'overall') and 勘定 (かんじょう, 'calculation, accounting').