05 · By task
How to close the financial year
Closing is not a button you press in December. It means checking that the year's activity is complete, posting the necessary adjustments, and locking the period against further changes.
- Reconcile everythingReconcile the bank accounts, classify expenses, and review outstanding invoices.AndCompta does it
- Make the adjustmentsPost depreciation, accruals, deferrals, and reclassifications as explained manual entries.AndCompta does it
- Close the periodOnce closed, the period no longer accepts entries. Reopening it is an explicit, recorded action.AndCompta does it
- !Generate the statementsProduce the trial balance, income statement, and balance sheet under the Andorran chart of accounts.You do it
01
As is usually done
The work happens in January or February, often with the accounting firm requesting documents by email while the books remain open during preparation.
With AndCompta
You reach the close with reconciled banks and classified expenses, leaving only the genuine closing adjustments. When the period closes, it stays closed.
You do this part: A person exercising accounting judgement decides the closing adjustments. AndCompta requires them to be addressed before closing, but it does not invent them.
02
The modules involved
- Accounting — Immutable double-entry bookkeeping, manual journal entries, period locks and financial statements.
- Tax — An entity-specific calendar, IGI registers and figures prepared for Form 900.
| Account | Debit | Credit |
|---|---|---|
| Customers430 | 1.254,00 | — |
| Service revenue705 | — | 1.200,00 |
| Output IGI · 4.5%4750 | — | 54,00 |
BalancedDebit 1.254,00 · Credit 1.254,00
Period
2026 · Q3Open
Test it with your own case.
Inspect the current financial year's trial balance.