To create annual balance sheet you have to close expense and income accounts at year-end and  the balance must be equivalent to 0. To this end you can find a predefined simplified posting template, using which you only close cost accounts and do not transfer them to expenditure. Further expenditure and profits are not reposted to the accounts of financial results.

There are some additional examples of closing that you can modify for your company requirements:

• Prepare for Closing Expenses and Income Accounts
• Close Expenses and Income Accounts by Departments
• Close Expenses and Income Accoutns by Departments and Cost Centers