arfiti-ee-year-end-bookkeeping

Import chart of accounts (from CSV, Merit Aktiva, or Estonian template), create bank accounts with IBANs, and configure posting profiles for all transaction types. Validates account structure and posting profile completeness.

Import and verify opening balances from the prior year balance sheet. Detects subledger accounts (AR 1200-range, AP 2110-range, FA 1500-1599) and asks for individual open items. Validates total debits equal total credits.

Read bank statements (CSV or PDF), create missing vendors/customers, classify transactions by type, and post them. Processes one month at a time for manageable review. Creates AR/AP payments, expense bills, and revenue invoices.

Identify and post missing source documents — bills without bank payments, invoices without receipts, depreciation entries, payroll postings, tax accruals, and year-end adjustments.

Reconcile bank account balances (GL vs bank statement), verify balance sheet equation (A = L + E), close all fiscal periods, and confirm readiness for annual report preparation.

Review progress across all 5 phases — what is done, what is next, and any issues blocking progress. Shows phase completion status and recommended next step.

Phase 1: Entity Setup

1. 1

   Import or create chart of accounts with Estonian conventions

2. 2

   Create bank accounts with IBANs

3. 3

   Configure posting profiles for all transaction types

Phase 2: Opening Balances

1. 1

   Upload prior year closing balances

2. 2

   Detect subledger accounts (AR, AP, Fixed Assets)

3. 3

   If details provided: create individual open items

4. 4

   Verify opening balance matches prior year balance sheet

Phase 3: Bank Statements

1. 1

   Import bank statements (CSV/PDF) month by month

2. 2

   Create vendors/customers as needed

3. 3

   Classify and post transactions

4. 4

   Match payments to invoices

Phase 4: Fill Gaps

1. 1

   Post missing bills, invoices, and special transactions

2. 2

   Record depreciation, payroll, and tax entries

3. 3

   Post year-end adjustments

Phase 5: Reconcile & Close

1. 1

   Reconcile bank balances (GL vs statement)

2. 2

   Verify balance sheet equation

3. 3

   Close all fiscal periods

4. 4

   Hand off to annual report plugin

Chart of accounts imported with all 5 account types

Bank accounts created for every bank

Posting profiles configured for all transaction types

Opening balance posted — debits equal credits

Opening balance matches prior year balance sheet

Each month of bank statements processed and reconciled

Balance sheet balances (Assets = Liabilities + Equity)

All fiscal periods closed

Estonian chart of accounts conventions by business type and industry

Subledger detection rules and detailed open item requirements for AR, AP, and fixed assets

Transaction classification rules for Estonian bank statements

Transaction type to account mapping configuration

Prerequisites and data requirements for the annual report plugin