Catching up on everything in March
Twelve months of documents handled in a hurry: things forgotten, questions left open and accounts ready too late.
Balance sheet, income statement, notes and tax return, prepared from books kept up to date all year. Your year-end closing takes a few days, well before your general meeting.
Revenue420'000
Expenses352'000
Taxes11'000
In 1 minute
What the law requires, what happens on 31 December and what follows up to the tax return. The essentials, in six steps.
Once a year, we do the sums.
Every franc in the right year.
What wears out, what’s coming.
VehicleBought for CHF 40'000
Example: over 5 years− CHF 8'000 a year
Everything together, line by line.
RevenueCHF 0
Expenses− CHF 0
Taxes− CHF 0
Net profitCHF 0
AssetsCHF 0
LiabilitiesCHF 0
EquityCHF 0
Six months to approve.
A tax return on solid ground.
How it works
Year-end closing starts in January, not in March. Because your books are kept every month, only the year-end entries are left.
Your books are kept and your bank reconciled every month. Nothing piles up.
You send us the year-end documents: stock, open invoices, statements at 31 December. Your checklist tells you what.
Closing entries, depreciation, provisions and taxes. The financial statements are prepared, then reviewed.
You receive your annual accounts for approval, then we prepare your company’s tax return.
Closing calendar
Three questions about your business. You get every step of your year-end closing with its date, up to the general meeting and the end of record keeping.
Closing checklist
Tick what applies to your business: your document list builds itself. You see at a glance what’s still missing.
Your business has…
Common mistakes
A wrong profit, a miscalculated tax or a general meeting held too late. You avoid all of these with books kept month by month and a clear checklist.
Twelve months of documents handled in a hurry: things forgotten, questions left open and accounts ready too late.
Insurance or rent paid in advance partly belongs to the next year. Without an accrual entry, your profit is wrong.
A vehicle or a computer loses value every year. Within the limits the tax authorities accept, depreciation lowers your taxable profit.
Profit tax for the year is paid later. Without a provision, your equity is overstated and the bill comes as a surprise.
An undocumented balance between you and your company can be reclassified by the tax authorities, for example as a hidden profit distribution.
The general meeting approves the accounts within six months of the year end. Without approved accounts, no dividend and a tax return on shaky ground.
Audit
A Sàrl or an SA normally has an auditor. Small companies can opt out. A sole proprietorship never needs one.
Up to 10 full-time jobs on annual average, with the consent of all partners or shareholders.
Art. 727a para. 2 COA licensed auditor checks the annual accounts every year. The general meeting cannot approve them without the audit report.
Art. 727a and 731 COOnce two of these thresholds are exceeded two years in a row: 20 million balance sheet total, 40 million turnover, 250 full-time jobs.
Art. 727 COYear-end closing at FiNexus: included in Guided, Advisory and Review, with a check by a licensed auditor. With Auto, add the closing and tax return option for CHF 200 a month.
See the plansFAQ
Your situation is unusual? Ask us directly, it’s the quickest way.
Talk to an expertFor a Sàrl or an SA, the general meeting approves the annual accounts within six months of the financial year end (art. 699 and 805 CO). With a 31 December year end, that means 30 June at the latest. A sole proprietorship has no general meeting: its accounts are the basis for the owner’s personal tax return.
A balance sheet, an income statement and notes (art. 958 CO). The notes give the useful details: accounting principles used, number of jobs, lease liabilities, significant events. A sole proprietorship with turnover under CHF 500'000 can limit itself to a statement of income, expenses and assets (art. 957 CO).
In principle yes, with a limited audit by a licensed auditor. If your company has no more than 10 full-time jobs on annual average, it can opt out with the consent of all partners or shareholders: this is called opting out (art. 727a CO). The ordinary audit only applies to large companies (art. 727 CO).
5% of the year’s profit goes to the legal reserve from profit, after offsetting any loss carried forward. The allocation continues until the legal reserves together reach half of the share capital entered in the commercial register (art. 672 CO). For a holding company, the threshold is 20%.
Once the accounts are approved by the general meeting, which decides how the profit is used. The dividend comes out of profit and available reserves, after the allocation to the legal reserve. If your company has an auditor, the general meeting can only approve the accounts with the audit report (art. 731 CO).
Yes. The year-end date is set in the articles of association and can fall at the end of any month. Deadlines are then calculated from that date: the general meeting still takes place within the following six months.
Ten years from the end of the financial year, for the books, supporting documents, management report and audit report (art. 958f CO). Digital storage is allowed, except for the management report and the audit report, which are kept signed.
Yes. We collect the accounts and documents, take over the balances from the last available closing and catch up on the late year before closing the next one. You don’t have to rebuild anything.
It’s included in Guided (from CHF 490 a month), Advisory (from CHF 990) and Review (from CHF 390), together with your company’s tax return. With Auto, you add the closing and tax return option for CHF 200 a month. No hourly bill in spring.
Shall we talk?
With books kept all year, your year-end closing takes a few days. A first conversation, no commitment.