Year-end and accounts production

Year-end takes a client's trial balance and produces reviewed financial statements — with adjustments and a final sign-off.

Start a year-end

1. Go to Accounting → Year-end.
2. Click Start a year-end.
3. Choose the client.
4. Set the year start and year end dates.
5. Save — a new run is created in draft.

The workspace

Open the run to see:

• Profit & Loss and Balance Sheet built from the imported trial balance.
• A Balanced indicator that checks assets equal liabilities plus equity.
• An Adjustments panel and status controls.

Adding adjustments

Year-end work usually needs a few adjustments (accruals, prepayments, reclassifications):

1. In the Adjustments section, add a description.
2. Choose the account from the chart of accounts.
3. Choose Debit or Credit and enter the amount.
4. Click Add.

Each adjustment updates the statements immediately — add the debit and its contra credit, and the statement stays balanced.

Review and finalise

1. When everything is right, move the status to Under review.
2. After final review, click Final — this locks the run and records the finalised time.

A final run cannot be edited, so the numbers are preserved exactly as approved.

Tips

• Add the contra entry for every adjustment so the balance sheet stays balanced.
• Finalise only when the figures are agreed — the final state is what gets filed or reported.
• The reports page reflects the same trial balance, so numbers stay consistent everywhere.

Related

• [Chart of accounts](/guides/chart-of-accounts)
• [Reports](/guides/reports)