Year-end closing

To close a fiscal year in bexio, record the profit or loss via a manual booking. This ensures the balance sheet and income statement are balanced. The asset balance must equal the liability balance, and the income account balance must equal the expense account balance. Specific accounts (9000, 9100, 9101, 9900) must also be balanced to...

At the turn of the year, payroll accounting focuses on four essential processes: the timely transmission of annual reports via ELM/Swissdec, the accurate preparation of salary statements, the detailed reconciliation of payroll accounts, and the administrative opening of the new payroll year with updated rates.