Bank reconciliation alternatives in Martigny-Combe: the practical guide
Delegate, digitalise or do it all yourself? Around bank reconciliation in Martigny-Combe, every SME draws its own line. The reference points below — federal law, cantonal practice and lessons from the field — help you place the cursor well.
Digitalising bank reconciliation: what actually works
The classic digitalisation traps are avoidable: scanning without quality control (unreadable records), stacking disconnected tools (double entry in disguise), or neglecting access rights. One single flow from document to entry, with clear roles, beats five shiny apps.
An SME in Martigny-Combe that digitalises gains owner time first: less filing, fewer “where is that receipt?” questions, more attention to the trade — that is the real return of bank reconciliation.
QR-bills and friction-free collections
Instalments and partial payments are handled cleanly with distinct references per tranche: each collection finds its share, and the remaining balance stays correct at all times.
For bank reconciliation, the share of collections matched automatically is a metric worth watching: when it drops, it is almost always a matter of misused references.
The Swiss legal frame for bank reconciliation
Swiss accounting law has been unified in the Code of Obligations since 2013: the same bookkeeping rules (art. 957a CO) and retention rules (art. 958f CO — 10 years for books, vouchers and reports) apply regardless of legal form. Bank reconciliation sits squarely within this frame, including for companies based in Martigny-Combe.
One simple principle drives bank reconciliation: every franc in or out must be explainable by a document, an entry and an account. All of Swiss accounting law fits inside that traceability requirement.
A well-structured SME chart of accounts
Nearly all Swiss SMEs rely on the standard SME chart of accounts (Sterchi/Käfer): classes 1 (assets) to 9 (closing), with revenue in class 3 and expenses in classes 4 to 6. Using this standard structure makes conversations with your fiduciary, auditor and tax administration far easier.
For a business in Martigny-Combe, comparability over time beats sophistication: a chart stable for five years beats a “perfect” one rebuilt every year. Banks and the tax administration read year-on-year movements first.
Martigny-Combe: what changes, what does not
Martigny-Combe (postal code 1921, canton Valais) applies the same federal rules as the rest of the country: what changes in Martigny-Combe are the cantonal counterparts — tax administration, compensation office, commercial register.
Martigny-Combe requires no special bookkeeping: the Code of Obligations applies at postal code 1921 as everywhere else, and a well-kept digital file transfers smoothly to any auditor in the canton.
Frequently asked questions
Do you need a fiduciary for bank reconciliation, or can you do it yourself?
Both are defensible. Below CHF 500,000 of revenue, a sole proprietorship may keep simplified accounts itself. As soon as payroll, VAT and a closing with tax stakes are involved, professional support prevents mistakes that cost more than the fees. With a shared platform, the fiduciary does not even need to be in Martigny-Combe.
What is simplified bookkeeping and who can use it?
Sole proprietorships and partnerships under CHF 500,000 of revenue may limit themselves to recording income, expenses and assets (art. 957 para. 2 CO). Once over the threshold — or upon founding a Sàrl or an SA — full accounts with balance sheet, income statement and notes become mandatory. The CHF 500,000 threshold is assessed the same way in Martigny-Combe.
Can bank reconciliation be automated with AI?
Largely, yes: automatic document reading, posting suggestions, bank reconciliation via QR references and VAT exports. Human approval remains essential — AI prepares, the professional checks. That is exactly how MyFiducia.ai approaches bank reconciliation.
How long must records related to bank reconciliation be kept?
Ten years from the end of the financial year concerned (art. 958f CO). Electronic retention is permitted if the integrity and readability of the records are guaranteed — a serious digital archive validly replaces paper binders. A business in Martigny-Combe can therefore archive fully digitally.
Also worth reading
In neighbouring municipalities
Switch to accounting that keeps itself up to date
MyFiducia.ai automates bank reconciliation for businesses in Martigny-Combe: AI-read documents, posting suggestions, VAT and exports ready for your fiduciary. Try the platform or browse our other guides.
The application is operated in French.