Year-End Closing: 6 Steps with Facturino
Year-end closing is one of the most stressful periods for every accountant. Manual calculations, balance verification and report generation can take days. Facturino reduces the entire process to 6 automated steps.
The problem: Manual closing takes days
- Manually checking every account balance
- Manually generating Form 36 and 37 with AOP codes
- Calculating corporate income tax with risk of errors
- Creating closing journal entries
- Preparing DB-VP for UJP — a separate form
- Archiving and locking — preventing accidental changes
Preflight check
Facturino automatically checks if everything is ready for closing:
- All transactions are posted and confirmed
- Trial balance is balanced (Debits = Credits)
- The fiscal year is not already closed
- Active currency and chart of accounts exist
→If something is wrong, you get a clear list of issues to fix.
Financial review
A full overview of the financial position before closing:
- Balance sheet — ASSETS vs LIABILITIES
- Income statement — revenue vs expenses
- Trial balance — all accounts with balances
- Net profit/loss — final result
→Review the numbers and make sure everything is correct before proceeding.
Adjustments (optional)
If you notice errors or omissions:
- Add missing transactions
- Correct wrong journal entries
- Add depreciation if missed
- Make exchange rate adjustments
→After adjustments, Facturino automatically updates the reports.
Close the books
Facturino automatically generates the closing entries:
- Debits all revenue accounts (class 6) → zeroes them out
- Credits all expense accounts (class 5) → zeroes them out
- Posts the difference to Retained Earnings (account 340)
- Posts 10% corporate income tax if there is profit
→First you see them in Preview mode, then confirm with one click.
UJP reports
Generate reports in submission-ready format:
- Form 36 (Balance Sheet) — PDF with AOP codes
- Form 37 (Income Statement) — PDF with AOP codes
- Trial balance — PDF with Debit/Credit columns
- DB-VP (Tax Balance) — CSV for UJP
- Pantheon XML / Zonel CSV — for CRSM e-filing
→All reports are based on data BEFORE closing — because after closing, revenue and expenses are zeroed out.
Lock
Final step — lock the fiscal year:
- The fiscal year is marked as "closed"
- New transactions for that year are blocked
- Undo is possible within the first 24 hours — just in case
- After 24 hours, the closing is permanent
→Done! The year-end closing is complete. You can proceed with filing to CRSM and UJP.
Undo capability
Facturino allows undoing the closing within the first 24 hours. This is useful if you notice an error after closing:
- All closing entries are deleted
- The fiscal year is unlocked
- You can make corrections and close again
Annual accounts in 30 minutes, not 3 days
Facturino automates the entire process — from preflight to UJP reports. No manual calculations, no stress.