ALVtilinpäätöstilittämiset

ALVtilinpäätöstilittämiset refers to the closing phase of value-added tax (ALV) accounting at the end of a financial period in Finland. It involves reconciling the VAT ledger with the company’s annual financial statements and tax return, and it is carried out by VAT-registered entities to ensure accurate reporting to the tax authority (Verohallinto).

The purpose of ALVtilinpäätöstilittämiset is to ensure that the VAT liability reflected in the financial statements corresponds to the taxable events of the period. The process also allows for corrections and adjustments arising from invoicing changes, refunds, credit notes, and corrections from earlier periods, and it supports the preparation of accurate year-end VAT documentation.

Typical steps in the process include reconciling output VAT on sales with input VAT on purchases, adjusting for accruals and prepayments, posting closing entries to the general ledger, and handling credit or debit notes. The activity may also involve compiling schedules and documentation needed for the annual VAT return or year-end tax reconciliation.

When performed, ALVtilinpäätöstilittämiset usually occurs as part of the annual closing routine. Some businesses also perform related reconciliations for interim periods (monthly or quarterly) depending on their reporting cadence. The outcome is a finalized VAT payable or receivable, supported by reconciliations and documentation required by Verohallinto.

Relation to broader reporting: ALV tilinpäätöstilittämiset supports compliance with VAT legislation and connects VAT accounting with the statutory annual accounts and end-of-year tax reporting, helping ensure accuracy and reduce the risk of penalties or interest for incorrect or late filings.