Year-End Closing
One-click year-end closing with full audit trail. Reversible if needed.
One-click year-end closing with full audit trail. Generates closing entries and locks the period. Reversible if needed.
How it works
At year-end, run the year-end closing wizard. Codeblix generates the closing entries (revenue and expense accounts to retained earnings), produces the year-end reports, and locks the period from further changes.
Reversible closing
Made a mistake? Reverse the year-end closing with one click. The system reopens the period and removes the closing entries.
Fiscal year
Codeblix works with any fiscal year. Most Mauritius businesses use 1 July to 30 June, but you can configure a different fiscal year if needed.
Reports after closing
After year-end closing, you get the closing trial balance, P&L for the year, balance sheet as at year-end, and the closing journal entries. All exportable to PDF or Excel.
Internal links
See Accounting module, Financial Reports, and VAT Returns.
FAQ
Does Codeblix handle year-end closing?
Yes. One-click year-end closing with full audit trail. Generates closing entries and locks the period. Reversible if needed.
What reports do I get after year-end closing?
Closing trial balance, P&L for the year, balance sheet as at year-end, and the closing journal entries. All exportable.
When should I close the year?
Typically June for Mauritius businesses (fiscal year ending June 30). Codeblix works with any fiscal year.