Follow

How do I carry over my account balance to a new fiscal year?

Before your fiscal year is finally closed, you can still create invoices, and ente rsupplier invoices and manual postings in bexio. So that you can confirm your main accounting items (e.g. cash and cash equivalents) during this transition period, bexio offers automatic provisional balance carry forward on all balance sheet accounts.

How can I carry over all balances?

You can carry over all balances on your balance sheet accounts to the new fiscal year under "Accounting - "Other" - "Balance carry over for all accounts".

The closing amount for the previous year is carried over to the current fiscal year using the following booking codes:

  • For active accounts: Active account / Opening balance
  • For passive accounts: Opening balance / Passive account

The bookings will be marked as "provisional balance carried forward" in the journal and in the accounts sheet.

 

How can I carry over just one balances?

If you want to transfer the current balance for only a single balance account, go to "Accounting - accounts journal" and select the appropriate account there, then click on the button "carry over balance". The following will happen then:

The closing balance for the previous year is carried over to the current fiscal year under the following booking codes:

  • For active accounts: Active account / Opening balance
  • For passive accounts: Opening balance / Passive account

The bookings will be marked as "Carry balance forward" in the journal and in the accounts sheet.

 

Can I carry over balances again?

The actual financial statements of the previous year include a variety of adjustments made by you or your delegate. For this, it is important that the balance accounts of the current financial year may be carried forward again.

If you have already carried over your balances but would like to make a booking in the past fiscal year, you can carry forward balances again.

For each single balance, go to "Accounting - accounts journal" and select the appropriate account there, then click on the button "Update balance".

 

To update all balances at once, go to "Accounting - "Other" - "Carry all accounts frorward to xx.xx.xxxx".

 

For definitive annual financial statments , all balance accounts are carried forward again and booked in the journal as well as in individual account sheets as "Balance carried over as ov xx.xx.xxxx”.

Was this article helpful?
2 out of 2 found this helpful
Have more questions? Submit a request
Powered by Zendesk