Should you wish to reopen a VAT period, the Accounting Setup Wizard, or the financial years that were closed with the Wizard for a client, please contact our support.
In the e-mail, please mention the client (company name), what you would like to have reopened and the relevant period.
For example:
- Client: Test company AG
- VAT periods: Q1/2022 and Q2/2022
You will automatically be notified by e-mail as soon as the request has been completed.
Important! Please do not forget to close the VAT period, fiscal year or setup assistant after making your corrections/adjustments.
Opening VAT periods
This section only covers "definitely settled" VAT periods.
If we reopen VAT quarters/half-years, we must first open the latest quarter or half-year marked as billed. For example, you would like to open quarter 03/2021, but have already marked quarter 04/2021 and quarter 01/2022 as billed. Then we have to open the quarters in the following order:
- Q01 / 2022
- Q04 / 2021
- Q03 / 2021
Because we recalculate VAT quarters each time they are open, the values in your VAT forms and journals may change. If this is the case, you need to submit a correction to the FTA (Swiss Federal Tax Administration). We recommend that you save your VAT forms and journals before we open any VAT quarters/half-years for you.
Important! All VAT-relevant postings that were subsequently posted to a previously closed VAT period will be posted to the newly opened VAT form when the VAT period is reopened.
All changes you make to VAT-relevant postings within the reopened period will change the VAT.
You are responsible for any changes resulting from a VAT period being reopened.
Reopening a closed fiscal year
If a closed fiscal year is being opened, you can subsequently make changes and close the year again.
Generally, opening a fiscal year does not result in any recalculations. However, if you make further adjustments, you may need to repost the result (profit or loss) – or correct it.
The procedure for opening a fiscal year is the same as that for VAT; if you want to reopen an older year, all the years in between must also be opened and closed again.
You will find more information on how to open/edit fiscal years here.
Opening the Setup Wizard
The Setup Wizard guides you through setting up accounts in 8 steps and is only run once when starting with bexio. This wizard is particularly helpful if you have just begun working with bexio. It automatically guides you through setting up client master data (VAT, chart of accounts, etc.). Open debtors and open creditors can also be entered here if carried over from the previous year, so payments are automatically assigned again. In addition, the previous year's final balance sheet and income statement are entered so that, on the one hand, you can carry forward the correct balance in the opening balance sheet and also make comparisons with the previous year in reports.
The wizard can be found under "Accounting" - "Financial Statements" - "Transfer balance sheet and income statement".
Learn more about the wizard in this article: Setup Wizard (Setting up accounts)