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Financial overview for FY 2025 year-to-date
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Total Expenses YTD
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Chart of Accounts
Manage General Ledger accounts — Al Yousuf Hoses Trading W.L.L. | FY2025
Derived from Audited 31-Dec-2024 Financial Statements
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FY2025 | Al Yousuf Hoses Trading W.L.L. | CR No. 153678
New Journal Entry
Post a double-entry transaction - debits must equal credits
Voucher Details
JV Number: Auto-generated on post
#
Account Code
Line Narration
Debit (QAR)
Credit (QAR)
All Transactions
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Account Ledger
Running balance for any account with all movements
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Trial Balance
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Profit and Loss Statement
Income and expenditure for the selected period
Al Yousuf Hoses Trading W.L.L. - Statement of Profit and Loss
Currency: QAR (Qatari Riyal)
Generating Profit and Loss statement...
Balance Sheet
Statement of financial position - assets, liabilities and equity
Al Yousuf Hoses Trading W.L.L. - Statement of Financial Position
Currency: QAR (Qatari Riyal)
Generating Balance Sheet...
Year-End Closing Routines
FY2025 — Run all steps in sequence. Complete each step before proceeding.
Important — Run Steps in Sequence
Once FY2025 is locked, no further postings are permitted. Take a full database backup before starting.
1
Pre-Close Checks
2
Accruals & Provisions
3
P&L Close Entry
4
Lock FY2025
5
Open FY2026
Step 1 — Pre-Close Verification Checks
Trial Balance is Balanced
Verify total Debits = total Credits — QAR 193,673 each side
Pending — click to run
No Unposted Draft Journals
All journal entries must be posted or deleted before period close
Pending — click to run
Bank Reconciliation Complete
Doha Bank statement balance confirmed — QAR 26,620
Pending — click to run
Receivables Reconciled
Unigaz Qatar balance QAR 34,570 confirmed against customer statement
Pending — click to run
Payables & Accruals Confirmed
Audit fee provision QAR 3,000 verified with external auditors
Pending — click to run
Step 2 — Review Accruals & Provisions
All Year-End Accrual Journals Already Posted
AYH-047: Prior year write-back QAR 3,500. AYH-048: FY2025 audit provision QAR 3,000. No further accruals required.FY2025 Audit Fee Provision
AYH-048 — DR Audit Fees 6401 / CR Accrued Audit Fees 2102 — QAR 3,000
✓ Posted
Prior Year Accrual Write-back
AYH-047 — DR 2102 + DR 2107 QAR 3,500 / CR Current Year P&L 3031 QAR 3,500
✓ Posted
Partnership Restructure Journals
AYH-049/050/051 — Yousuf retired, Share Capital transferred to Harsha & Jacob 50/50
✓ Posted
Step 3 — P&L Closing Entry
Closing Journal — AYH-CLOSE-001
Closes all Revenue and Expense accounts to 3031 (Current Year P&L). Net effect: 3031 carries net debit (loss) of QAR 12,425.| Code | Description | Debit (QAR) | Credit (QAR) |
|---|---|---|---|
| 4001 | Revenue from Operations — close to P&L | 49,942.00 | — |
| 5001 | Cost of Sales — Hoses Purchased — close | — | 5,811.00 |
| 2004 | Crimping and Fabrication Works — close | — | 5,450.00 |
| 6001 | Salary — Jacob Francis GM — close | — | 45,000.00 |
| 6201 | Bank Charges — close | — | 6,606.00 |
| 6401 | Audit Fees — close | — | 3,000.00 |
| 3031 | Current Year P&L — net loss transferred | — | 16,075.00 |
| TOTALS — BALANCED | 49,942.00 | 49,942.00 | |
Step 4 — Lock FY2025
This Action is Irreversible
Locking FY2025 prevents any further postings to this period. Only the system administrator can unlock a closed period.Period: 01-Jan-2025 to 31-Dec-2025
Total Journals: 51 entries
Trial Balance Total: QAR 193,673.00 DR = CR
Net P&L Result: Loss QAR (15,925.00)
Step 5 — Open Financial Year 2026
FY2025 Locked Successfully
Ready to open FY2026. Closing balances from FY2025 will carry forward as opening balances.Opening Balances Carrying Forward → FY2026
1001 Cash at Bank
QAR 26,620 DR
1101 Receivables
QAR 34,570 DR
2102 Audit Accrual
QAR 3,000 CR
3002 + 3003 Share Capital
QAR 100,000 CR
3031 Accumulated P&L
QAR 12,425 DR
3010 Legal Reserve
QAR 4,767 CR
Financial Year Setup
Manage fiscal years, posting periods and year configuration
FY2026
01 January 2026 — 31 December 2026
OPEN — CURRENT
FY2025
01 January 2025 — 31 December 2025
OPEN — PENDING CLOSE
FY2024
01 January 2024 — 31 December 2024
LOCKED — AUDITED
Period Locked — Audited Accounts
FY2024 is locked. No postings permitted. Contact administrator to unlock if a correcting entry is required.