Year-end closing modules
Closing modules are the functions that turn a running set of books into annual accounts: accruals and deferrals, fixed asset accounting with a depreciation run, account reconciliation, and a report in the statutory structure.
Definition
Without them the software stops at the journal, and the closing happens in a spreadsheet alongside — with the familiar result that the figures no longer match the following year. The closing is where it shows whether a program is enough for a business.
For corporations the notes are added, and these are what SMEs most often lack: valuation principles, the number of full-time positions, residual amounts under leasing obligations. Few programs guide you through them.
Where to read it
What the software must be able to do
Four checks: accruals with automatic reversal, fixed asset accounting with a depreciation run, reconciliation of the subsidiary ledgers against the balance sheet, and a closing report in the structure of the Code of Obligations.
Checked Aug 2026
More terms under Bookkeeping and retention: Accrual principle Accrued liabilities Annual accounts Association accounting Balance sheet Balance sheet total Book value Break-even point Business assets Business expenses Cash book Cash flow statement Cash receipts Contribution margin Cost centre Current assets Debit and credit Depreciation Double-entry bookkeeping Duty to keep accounts EBIT EBITDA Equity Equity ratio Financial year Fixed assets Fixed costs Foreign currency General ledger Gross profit Hidden reserves Income statement Inventory count Journal Journal entry Liabilities Liquidity Loss carry-forward Membership dues Net profit Opening balance sheet Overheads Pass-through item Prepaid expenses Provision Record-keeping ordinance Reserves Retained profit Simple accounts Swiss SME chart of accounts Tamper resistance Turnover Value adjustment Variable costs Volunteer-run structure Voucher