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What does the function "successful booking made" check?

For a proper close of business, your balance sheet and income statement must be balanced with each other (double record). bexio checks this balance as follows:

 

Balance of assets = Balance of liabilities

The sum of the balances of your assets must match the sum of the balances of your liabilities. In other words, the asset side and the liability side of the balance sheet shall be in balance.

Before the check (before profit/loss booking):

 

After the check (after profit/loss booking):

 

Balance of income accounts = Balance of expense accounts

The sum of the balances of your revenue accounts must match the sum of the balances of your expense accounts. In other words, the revenue side and the expense side of the balance sheet shall be in balance.

 

The following accounts must be balanced:

Account 9000 - Income statement

Account 9000 Income statement must be balanced (balance = 0), this means that the debit and credit amounts must be the same.

 

Account 9100 - Opening balance

Account 9100 Opening balance must be balanced (balance = 0), this means that the debit and credit amounts must be the same.

 

Account 9101 - Closing balance

Account 9101 Closing balance must be balanced (balance = 0), this means that the debit and credit amounts must be the same.

 

Account 9900 - Corrections

Account 9900 Corrections must be balanced (balance = 0), this means that the debit and credit amounts must be the same.

 

Tip:

It is best to check this by opening the account sheet of the respective account and checking the closing balance.

 

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