Just to clarify some things.
When the fiscal year is closed, all the balance accounts must balance as well as all the P&L accounts must balance.
A final Balance Sheet after closure must be in balance.
You can do these operations yourself according to COA standards, but if the balance accounts are not balanced, FA must do that for you, and therefore we need a standard P&L account for balancing the P&L accounts. This account is usually created as the last account in the P&L section.
If everything is in balance before closure, there are NO FA transactions.
This P&L account is only for balancing the P&L accounts if it is not already done.
This approach also make it possible to select projects P&L over several years, as well it is possible to select normal P&L statements from closed years.
I hope this make things better understandable.
To help you with a CoA for your country, please provide us with an excel file containing your accounts.
We have no resources to do this job ourselves.
Joe