Once a year, a company has to close its annual accounts and the financial year in AbaNinja.
In order to successfully close the financial year in AbaNinja, a few things must be taken into account. In this article you will learn the steps you need to take.
Requirements
Generally, the financial year cannot be closed before February 1st of the following year. In addition, there should be no more bookings on transfer accounts 1090 and 1099. If there are still bookings, these bookings must be moved to the account statement.
To do this, click on the three dots (°°°) next to the respective entries, select "Move entry" and select the correct account.
There should also be no open payments under Finances > Payments.
VAT - settlement
Furthermore, the VAT settlement for the respective financial year must also be closed in AbaNinja. Be sure that all four VAT quarters have been closed under Accounting > VAT > VAT settlement or carry out the closure.
More information regarding the VAT settlement:
- How do I create a VAT settlement?
- How are the fields in the VAT settlement - Effective calculated?
- Why don't I see the VAT section?
Balance sheet and Income statement
Under Accounting > Report you will find the balance sheet and income statement.
The amount that will be booked as profit or loss is found in the balance sheet as Unbooked result and in the income statement at the top as the Income statement result.
These two amounts must be equal. If this is not the case, you must find the reason in your accounting and correct it accordingly.
Close financial year
The financial year can be closed under Settings > Accounting > Financial year. To do this, select the relevant financial year, then the action "Close financial year" by clicking on the three dots (°°°).
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