Year-end close and lock

Year-end close and lock

Year-end close is a stricter version of ordinary period close. Alice runs validation, ensures VAT and other year-end adjustments are complete, finalizes the cut-off, generates the report set, and then locks the reported basis once it has been used externally. The outcome is a repository revision that makes the derivation of opening balances for the next year straightforward to review without inventing synthetic close vouchers.

In Finnish closing practice, this workflow should be aligned with statutory milestones: prepare the financial statement package within 4 months from year end, complete Oy general meeting approval within 6 months, and complete Trade Register filing in the applicable filing window (commonly 8 months for Oy/cooperative filing paths). Statement-facing outputs are prepared for Finnish/Swedish presentation in euros and move to formal dating/signing in the governance step.

  1. Alice validates that the workspace datasets are internally consistent before finalizing the year-end cut-off:
bus validate
  1. Alice completes VAT for the final reporting periods and exports the archived VAT artifacts:
bus vat report --period 2026-12
bus vat export --period 2026-12
  1. Alice posts any final year-end adjustments that are required for the financial statement, taxation, or management reporting basis:
bus journal add ...
  1. Alice closes the final accounting period as a non-posting cut-off:
bus period close --period 2026-12

The close records period-close metadata as repository data, updates closed-period compatibility markers, and writes the derived carry-forward snapshot used by later opening/reporting logic. It does not add synthetic retained-earnings vouchers to the journal.

  1. Alice generates the year-end report set from the closed journal basis:
bus reports trial-balance --as-of 2026-12-31
bus reports general-ledger --period 2026-12
bus reports profit-and-loss --period 2026-12 --format pma
bus reports balance-sheet --as-of 2026-12-31 --format pma
  1. Alice locks the period after the year-end outputs have been issued, filed, or otherwise used externally:
bus period lock --period 2026-12
  1. Alice records the year-end close as a new revision using her version control tooling, so the closed year is easy to reference and export later.

If a particular jurisdiction, accountant, or workflow needs additional close outputs beyond what the pinned modules provide, the schema-defined repository data still allows Alice to derive those outputs with a script and store them as additional repository data, without rewriting earlier records.

For detailed legal timeline anchors and close-control topics, use Finnish closing deadlines and legal milestones, Finnish closing checklist and reconciliations, and Finnish closing adjustments and evidence controls.

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