How to simulate the fiscal year's result before closing

What is it for?

Before closing the fiscal year, the simulation answers “with what is already posted and with this estimated tax, what would the result be?”. It shows a provisional income statement and posts nothing. Each simulation is saved, with the date and the user, so you can compare scenarios.

When to use it?

• Before the year-end result calculation, to get an idea of the result and of the tax to estimate.
• To compare scenarios (for example, with different tax amounts).
• Do not use it as the final result: it only starts from the journal entries already posted.

Where to find it?

Accounting › Close › Close the month, under Supporting lists click Fiscal years, open the fiscal year and click Simulate the result.

Before you start

• Your profile is Fiscal officer. The Accountant can open the fiscal year, but on clicking Simulate the result the screen says “No access” and shows who can: Fiscal officer, Certified Accountant / Fiscal Manager, Fiscal administration or Administrator. The same happens to Management.
• The fiscal year's journal entries are posted.
• The example is the 2026 fiscal year of Empresa Demonstração, Lda, on 01/11/2026.

How to use it

1. Open Accounting › Close › Close the month and, under Supporting lists, Fiscal years. The list shows each fiscal year, its state and its result: 2026 Open with -€60,831.84 and 2025 Closed with €31,104.16.
2. Open the 2026 fiscal year and click Simulate the result.
3. Type the scenario name in Scenario, for example Cenário prudente. In Income Tax (estimate), type the estimate, for example 5000. The window's Provisional Income Statement updates: Sales and Services €38,393.00, Cost of goods sold €11,100.00, External Supplies and Services €27,627.87, Personnel Costs €56,076.97, Depreciations €1,920.00 and Other Costs and Losses €2,500.00, which give a Result Before Tax of -€60,831.84. With the €5,000.00 estimate, the Net result is -€65,831.84.
4. If you already know the value of the stock at year-end, tick I already know the final inventory? and enter it in Final Inventory (estimate). The window then shows that field. In the example, with 3000, the Cost of goods sold drops from €11,100.00 to €8,100.00 (less the €3,000.00 of stock) and the Result Before Tax becomes -€57,831.84. With a tax estimate of €2,000.00, the Net result is -€59,831.84.
5. Click Simulate and save. The Simulation of the provisional income statement #1 opens, with the fiscal year, the date, who ran the simulation, the scenario, the estimates and the statement. No journal entry is created. The record also shows Initial Stock at €0.00: it is not a field you fill in.
6. To review the scenarios, go back to the fiscal year and open the Simulations tab. Each line shows Simulated On, Simulated By, Scenario, Final Inventory (estimate), Income Tax (estimate), Result Before Tax and Net Result (simulated); in the example, the two saved simulations (-€65,831.84 and -€59,831.84).

Expected result

• A saved simulation, with the scenario, the estimated tax and the net result (in the example, -€65,831.84).
• The simulation's Result Before Tax (-€60,831.84) is the same as in the fiscal year's income statement.
• On the Simulations tab of the 2026 fiscal year, the saved simulations, from the most recent to the oldest. A fiscal year with no simulations (2025, already closed) shows an empty tab.
• Nothing was posted: the fiscal year's result in the list is still -€60,831.84 and the fiscal year is still Open.

Important notes

• The tax estimate is yours. The product does not calculate it: it uses the amount you enter. Pending validation by a certified accountant: the amount to estimate (taxable profit, municipal and state surcharges (derramas) and autonomous taxation).

• The simulation does not replace the year-end result calculation. The result only goes into equity after the fiscal year's result calculation (see changes in equity).

• The scenario can be left blank. The simulation is saved anyway, but has no name on the Simulations tab, which makes comparison harder. Always give it a name.

• Only open fiscal years can be simulated. On a Closed fiscal year (2025, in the example) there is no Simulate the result button; simulations already made can still be viewed.

• The statement shows whatever is typed. As you type, the window updates the result, including amounts the product then refuses when saving (see below). The final inventory is taken as a reduction of the cost of goods sold; Pending validation by a certified accountant: treatment of the final inventory and of the initial stock in the estimate of the cost of goods sold (the initial stock table cannot be edited).

Common problems

“Invalid Operation: The final inventory and the income tax estimate cannot be negative. Enter them as positive amounts.”

• Cause: you entered a negative amount (for example -500 in the final inventory, or -100 in the tax) and clicked Simulate and save. The message appears in both cases.
• What to do: click Close, correct the amount to a positive one and click Simulate and save again. Nothing is saved. If the estimate is a tax refund, the product does not accept it as a negative amount.

“No access: You do not have access to “Simulate the provisional income statement””

• Cause: your profile is not one of those that can run the simulation.
• What to do: ask a Fiscal officer or the system administrator, who assigns the profile in Settings › Users & Companies › Users.