Year-end bookkeeping for UK accountants
Year-end shouldn’t start with twelve months of data entry.
Drop in the year’s bank statements and Entrio builds a review-ready trial balance, with opening balances carried in and the bank reconciled, before you open accounts production.
| Account | Opening | Movement | Closing |
|---|---|---|---|
| 1000 Current Account | 10,000.00 | 11,536.31 | 21,536.31 |
| 1010 Savings Account | 5,000.00 | 4.11 | 5,004.11 |
| 4000 Sales Revenue | 0.00 | (12,750.00) | (12,750.00) |
| 4200 Interest Received | 0.00 | (4.11) | (4.11) |
| 7200 Rent & Rates | 0.00 | 950.00 | 950.00 |
| 6300 Computer & IT | 0.00 | 263.69 | 263.69 |
| 9999 Opening Balance Equity | (15,000.00) | 0.00 | (15,000.00) |
| Totals | 0.00 | 0.00 | 0.00 |
What year-end needs
Close the year properly, and keep it closed.
Last year’s figures have to carry in cleanly, and once this year is agreed it shouldn’t change.
Opening balances that carry in
Enter them from last year’s accounts or roll them forward from a year signed off in Entrio. They go straight into the trial balance.
Journals for the adjustments
Accruals, prepayments, depreciation and year-end corrections. Set them to reverse automatically so next year starts clean.
A signed-off year stays signed off
Lock the year once it’s agreed and nobody can edit figures the client has seen. You preview the roll-forward before it becomes next year’s opening position.
| Code | Account | Closing YE 2026 | Opening YE 2027 |
|---|---|---|---|
| 1000 | Current Account | 21,536.31 | 21,536.31 |
| 1010 | Savings Account | 5,004.11 | 5,004.11 |
| 4000 | Sales Revenue | (12,750.00) | 0.00 |
| 3000 | Retained Earnings | 0.00 | (11,540.42) |
Before and after
Spend year-end reviewing, not typing.
Your fee for the accounts doesn’t change. The hours of bookkeeping underneath it do.
FAQ
Year-end questions.
Can I import PDF statements?
Yes, from Barclays, Chase, Lloyds, Mettle, Monzo and Revolut. A PDF only imports when every row agrees with the balances printed on the statement, so one that doesn’t add up imports nothing. Scans and photos aren’t read. For other banks, export a CSV, or send us the PDF from the app and we’ll usually add the bank within two working days.
Where do opening balances come from?
You either enter them from last year’s accounts or roll them forward from a year you’ve already signed off in Entrio. When a year is locked, its closing position becomes next year’s opening position.
Does Entrio produce prior-year comparatives?
Not yet. Reports show the year you’re working on. Comparatives on the face of the accounts come from your accounts production software.
Does Entrio replace my accounts production software?
No. Entrio gets you to a reviewed trial balance, plus P&L and balance sheet. Statutory formats, tax computations and filing stay in the software you already use. For cash-basis sole traders you can finish the year’s prep in Entrio and take the figures to Self Assessment.
Can I check everything before it leaves?
Yes. Categorisations, VAT treatment, exceptions and reconciliations all stay visible, and the export is blocked while a reconciliation is still open. Nothing is signed off for you.
Founding firms · 22 of 25 places left
Get to year-end review faster.
Fourteen days free and no card. A sample client is set up when you sign up, so you can see the whole thing before any real data goes in.
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