@tailor-platform/erp-kit 0.6.0 → 0.7.0

package/src/modules/finance-ledger/command/executeYearEndClose.ts

@@ -0,0 +1,415 @@
+import { err, ok, type CommandContext } from "@tailor-platform/erp-kit/module";
+import type { Transaction } from "../generated/kysely-tailordb";
+import {
+  AccountingPeriodNotFoundError,
+  NotFinalPeriodError,
+  StandardCloseNotCompleteError,
+  DuplicateYearEndCloseError,
+  RetainedEarningsAccountNotFoundError,
+  NewFiscalYearNotDefinedError,
+} from "../lib/errors.generated";
+
+export interface ExecuteYearEndCloseInput {
+  accountingPeriodId: string;
+}
+
+interface AuditEntry {
+  type: string;
+  fiscalYearId?: string;
+  closingEntryId?: string;
+  openingEntryId?: string;
+  netIncome?: number;
+  actorId?: string;
+}
+
+const TEMPORARY_CLASSIFICATIONS = ["REVENUE", "EXPENSE"];
+const PERMANENT_CLASSIFICATIONS = ["ASSET", "LIABILITY", "EQUITY"];
+const VALID_CLOSE_STATUSES = ["SOFT_LOCKED", "PERMANENTLY_CLOSED"];
+
+/**
+ * Function: executeYearEndClose
+ *
+ * Executes fiscal year-end close on the final period of a fiscal year.
+ * Generates a closing journal entry that zeros temporary accounts (REVENUE, EXPENSE)
+ * and transfers net income/loss to retained earnings. Then generates opening balance
+ * entries for the new fiscal year's permanent accounts.
+ */
+export async function run(db: Transaction, input: ExecuteYearEndCloseInput, ctx: CommandContext) {
+  const { accountingPeriodId } = input;
+  const auditTrail: AuditEntry[] = [];
+
+  // 1. Find AccountingPeriod
+  const period = await db
+    .selectFrom("AccountingPeriod")
+    .selectAll()
+    .where("id", "=", accountingPeriodId)
+    .executeTakeFirst();
+
+  if (!period) {
+    return err(new AccountingPeriodNotFoundError(accountingPeriodId));
+  }
+
+  // 2. Find FiscalYear for period
+  const fiscalYear = await db
+    .selectFrom("FiscalYear")
+    .selectAll()
+    .where("id", "=", period.fiscalYearId)
+    .forUpdate()
+    .executeTakeFirst();
+
+  // 3. Validate this is the final period of the fiscal year
+  const periodEnd = new Date(period.endDate).getTime();
+  const fyEnd = new Date(fiscalYear!.endDate).getTime();
+  if (periodEnd !== fyEnd) {
+    return err(new NotFinalPeriodError(accountingPeriodId));
+  }
+
+  // 4. Check PeriodClose exists and is in SOFT_LOCKED or PERMANENTLY_CLOSED status
+  const periodClose = await db
+    .selectFrom("PeriodClose")
+    .selectAll()
+    .where("accountingPeriodId", "=", accountingPeriodId)
+    .executeTakeFirst();
+
+  if (!periodClose || !VALID_CLOSE_STATUSES.includes(periodClose.status as string)) {
+    return err(new StandardCloseNotCompleteError(accountingPeriodId));
+  }
+
+  // 5. Check fiscal year yearEndCloseExecuted flag
+  if (fiscalYear!.yearEndCloseExecuted) {
+    return err(new DuplicateYearEndCloseError(fiscalYear!.id));
+  }
+
+  // 6. Find retained earnings account in active CoA
+  const _chartOfAccounts = await db
+    .selectFrom("ChartOfAccounts")
+    .selectAll()
+    .where("companyId", "=", period.companyId)
+    .where("status", "=", "ACTIVE")
+    .executeTakeFirst();
+
+  const retainedEarningsAccount = await db
+    .selectFrom("Account")
+    .selectAll()
+    .where("classification", "=", "RETAINED_EARNINGS")
+    .where("status", "=", "ACTIVE")
+    .executeTakeFirst();
+
+  if (!retainedEarningsAccount) {
+    return err(new RetainedEarningsAccountNotFoundError(period.companyId));
+  }
+
+  // 7. Find all posted journal lines for temporary accounts in this fiscal year
+  // Get all accounting period IDs for this fiscal year
+  const allPeriods = await db
+    .selectFrom("AccountingPeriod")
+    .select("id")
+    .where("fiscalYearId", "=", fiscalYear!.id)
+    .execute();
+
+  const allPeriodIds = allPeriods.map((p: { id: string }) => p.id);
+
+  // Find all posted journal lines for temporary accounts across ALL periods in the fiscal year
+  const journalLines = await db
+    .selectFrom("JournalLine")
+    .innerJoin("JournalEntry", "JournalEntry.id", "JournalLine.journalEntryId")
+    .innerJoin("Account", "Account.id", "JournalLine.accountId")
+    .selectAll()
+    .where("JournalEntry.accountingPeriodId", "in", allPeriodIds)
+    .where("JournalEntry.status", "=", "POSTED")
+    .execute();
+
+  // Filter for temporary account lines
+  const temporaryLines = journalLines.filter((line: Record<string, unknown>) =>
+    TEMPORARY_CLASSIFICATIONS.includes(line.classification as string),
+  );
+
+  // 8. Calculate net income
+  const revenueLines = temporaryLines.filter(
+    (line: Record<string, unknown>) => line.classification === "REVENUE",
+  );
+  const expenseLines = temporaryLines.filter(
+    (line: Record<string, unknown>) => line.classification === "EXPENSE",
+  );
+
+  const totalRevenueCredits = revenueLines.reduce(
+    (sum: number, line: Record<string, unknown>) =>
+      sum + ((line.functionalCreditAmount as number) ?? 0),
+    0,
+  );
+  const totalRevenueDebits = revenueLines.reduce(
+    (sum: number, line: Record<string, unknown>) =>
+      sum + ((line.functionalDebitAmount as number) ?? 0),
+    0,
+  );
+  const totalExpenseDebits = expenseLines.reduce(
+    (sum: number, line: Record<string, unknown>) =>
+      sum + ((line.functionalDebitAmount as number) ?? 0),
+    0,
+  );
+  const totalExpenseCredits = expenseLines.reduce(
+    (sum: number, line: Record<string, unknown>) =>
+      sum + ((line.functionalCreditAmount as number) ?? 0),
+    0,
+  );
+
+  const netIncome =
+    totalRevenueCredits - totalRevenueDebits - (totalExpenseDebits - totalExpenseCredits);
+
+  // 9. Create CLOSING type journal entry
+  const now = new Date();
+  const closingEntry = await db
+    .insertInto("JournalEntry")
+    .values({
+      companyId: period.companyId,
+      accountingPeriodId,
+      entryDate: now,
+      journalType: "CLOSING",
+      referenceNumber: `CLOSE-${fiscalYear!.id}`,
+      status: "POSTED",
+      description: `Year-end closing entry for ${fiscalYear!.name}`,
+      sourceDocumentReference: null,
+      adjustingEntryType: null,
+      reversalOfId: null,
+      postedAt: now,
+      createdAt: now,
+      updatedAt: null,
+    })
+    .returningAll()
+    .executeTakeFirst();
+
+  // Create closing journal lines: debit revenue accounts, credit expense accounts, net to retained earnings
+  const closingLines: {
+    journalEntryId: string;
+    accountId: string;
+    debitAmount: number | null;
+    creditAmount: number | null;
+    description: string;
+    currencyCode: null;
+    exchangeRate: null;
+    functionalDebitAmount: number | null;
+    functionalCreditAmount: number | null;
+    createdAt: Date;
+    updatedAt: null;
+  }[] = [];
+
+  // Debit revenue accounts (to zero them out)
+  for (const line of revenueLines) {
+    closingLines.push({
+      journalEntryId: closingEntry!.id,
+      accountId: line.accountId,
+      debitAmount: line.functionalCreditAmount! ?? 0,
+      creditAmount: null,
+      description: "Close revenue account",
+      currencyCode: null,
+      exchangeRate: null,
+      functionalDebitAmount: line.functionalCreditAmount! ?? 0,
+      functionalCreditAmount: null,
+      createdAt: now,
+      updatedAt: null,
+    });
+  }
+
+  // Credit expense accounts (to zero them out)
+  for (const line of expenseLines) {
+    closingLines.push({
+      journalEntryId: closingEntry!.id,
+      accountId: line.accountId,
+      debitAmount: null,
+      creditAmount: line.functionalDebitAmount! ?? 0,
+      description: "Close expense account",
+      currencyCode: null,
+      exchangeRate: null,
+      functionalDebitAmount: null,
+      functionalCreditAmount: line.functionalDebitAmount! ?? 0,
+      createdAt: now,
+      updatedAt: null,
+    });
+  }
+
+  // Net income/loss to retained earnings
+  if (netIncome >= 0) {
+    closingLines.push({
+      journalEntryId: closingEntry!.id,
+      accountId: retainedEarningsAccount.id,
+      debitAmount: null,
+      creditAmount: netIncome,
+      description: "Transfer net income to retained earnings",
+      currencyCode: null,
+      exchangeRate: null,
+      functionalDebitAmount: null,
+      functionalCreditAmount: netIncome,
+      createdAt: now,
+      updatedAt: null,
+    });
+  } else {
+    closingLines.push({
+      journalEntryId: closingEntry!.id,
+      accountId: retainedEarningsAccount.id,
+      debitAmount: Math.abs(netIncome),
+      creditAmount: null,
+      description: "Transfer net loss to retained earnings",
+      currencyCode: null,
+      exchangeRate: null,
+      functionalDebitAmount: Math.abs(netIncome),
+      functionalCreditAmount: null,
+      createdAt: now,
+      updatedAt: null,
+    });
+  }
+
+  if (closingLines.length > 0) {
+    await db.insertInto("JournalLine").values(closingLines).returningAll().execute();
+  }
+
+  // 10. Find next fiscal year
+  const nextFiscalYear = await db
+    .selectFrom("FiscalYear")
+    .selectAll()
+    .where("companyId", "=", period.companyId)
+    .where("startDate", ">", fiscalYear!.endDate)
+    .orderBy("startDate", "asc")
+    .limit(1)
+    .executeTakeFirst();
+
+  if (!nextFiscalYear) {
+    return err(new NewFiscalYearNotDefinedError(fiscalYear!.id));
+  }
+
+  // 11. Generate OPENING type journal entry for permanent accounts in new fiscal year
+  const permanentLines = journalLines.filter((line: Record<string, unknown>) =>
+    PERMANENT_CLASSIFICATIONS.includes(line.classification as string),
+  );
+
+  // Find first period of new fiscal year
+  const newFirstPeriod = await db
+    .selectFrom("AccountingPeriod")
+    .selectAll()
+    .where("fiscalYearId", "=", nextFiscalYear.id)
+    .orderBy("startDate", "asc")
+    .limit(1)
+    .executeTakeFirst();
+
+  const openingEntry = await db
+    .insertInto("JournalEntry")
+    .values({
+      companyId: period.companyId,
+      accountingPeriodId: newFirstPeriod ? newFirstPeriod.id : nextFiscalYear.id,
+      entryDate: now,
+      journalType: "OPENING",
+      referenceNumber: `OPEN-${nextFiscalYear.id}`,
+      status: "POSTED",
+      description: `Opening balance entry for ${nextFiscalYear.name}`,
+      sourceDocumentReference: null,
+      adjustingEntryType: null,
+      reversalOfId: null,
+      postedAt: now,
+      createdAt: now,
+      updatedAt: null,
+    })
+    .returningAll()
+    .executeTakeFirst();
+
+  // Create opening journal lines for permanent accounts
+  const openingLines: {
+    journalEntryId: string;
+    accountId: string;
+    debitAmount: number | null;
+    creditAmount: number | null;
+    description: string;
+    currencyCode: null;
+    exchangeRate: null;
+    functionalDebitAmount: number | null;
+    functionalCreditAmount: number | null;
+    createdAt: Date;
+    updatedAt: null;
+  }[] = [];
+  for (const line of permanentLines) {
+    openingLines.push({
+      journalEntryId: openingEntry!.id,
+      accountId: line.accountId,
+      debitAmount: line.functionalDebitAmount! ?? null,
+      creditAmount: line.functionalCreditAmount! ?? null,
+      description: "Opening balance",
+      currencyCode: null,
+      exchangeRate: null,
+      functionalDebitAmount: line.functionalDebitAmount! ?? null,
+      functionalCreditAmount: line.functionalCreditAmount! ?? null,
+      createdAt: now,
+      updatedAt: null,
+    });
+  }
+
+  // Include retained earnings in opening entry
+  if (netIncome >= 0) {
+    openingLines.push({
+      journalEntryId: openingEntry!.id,
+      accountId: retainedEarningsAccount.id,
+      debitAmount: null,
+      creditAmount: netIncome,
+      description: "Opening retained earnings balance",
+      currencyCode: null,
+      exchangeRate: null,
+      functionalDebitAmount: null,
+      functionalCreditAmount: netIncome,
+      createdAt: now,
+      updatedAt: null,
+    });
+  } else {
+    openingLines.push({
+      journalEntryId: openingEntry!.id,
+      accountId: retainedEarningsAccount.id,
+      debitAmount: Math.abs(netIncome),
+      creditAmount: null,
+      description: "Opening retained earnings balance",
+      currencyCode: null,
+      exchangeRate: null,
+      functionalDebitAmount: Math.abs(netIncome),
+      functionalCreditAmount: null,
+      createdAt: now,
+      updatedAt: null,
+    });
+  }
+
+  if (openingLines.length > 0) {
+    await db.insertInto("JournalLine").values(openingLines).returningAll().execute();
+  }
+
+  // 12. Update fiscal year yearEndCloseExecuted = true
+  await db
+    .updateTable("FiscalYear")
+    .set({
+      yearEndCloseExecuted: true,
+      updatedAt: now,
+    })
+    .where("id", "=", fiscalYear!.id)
+    .returningAll()
+    .executeTakeFirstOrThrow();
+
+  // 13. Update PeriodClose yearEndCloseExecuted = true
+  await db
+    .updateTable("PeriodClose")
+    .set({
+      yearEndCloseExecuted: true,
+      updatedAt: now,
+    })
+    .where("id", "=", periodClose.id)
+    .returningAll()
+    .executeTakeFirstOrThrow();
+
+  // 14. Record audit trail
+  auditTrail.push({
+    type: "YEAR_END_CLOSE",
+    fiscalYearId: fiscalYear!.id,
+    closingEntryId: closingEntry!.id,
+    openingEntryId: openingEntry!.id,
+    netIncome,
+    actorId: ctx.actorId,
+  });
+
+  return ok({
+    closingEntry: closingEntry!,
+    openingEntry: openingEntry!,
+    auditTrail,
+  });
+}

package/src/modules/finance-ledger/command/finalCloseAndLockPeriod.generated.ts

@@ -0,0 +1,6 @@
+// @generated — do not edit
+import { defineCommand } from "@tailor-platform/erp-kit/module";
+import { permissions } from "../lib/permissions.generated";
+import { run } from "./finalCloseAndLockPeriod";
+
+export const finalCloseAndLockPeriod = defineCommand(permissions.finalCloseAndLockPeriod, run);

package/src/modules/finance-ledger/command/finalCloseAndLockPeriod.test.ts

@@ -0,0 +1,102 @@
+import { describe, expect, it } from "vitest";
+import { createMockDb } from "../../../testing/index";
+import type { Transaction } from "../generated/kysely-tailordb";
+import { PeriodCloseNotFoundError, InvalidStatusTransitionError } from "../lib/errors.generated";
+import {
+  softLockedPeriodClose,
+  underReviewPeriodClose,
+  inProgressPeriodClose,
+} from "../testing/fixtures";
+import { commandCtx, expectErr, expectOk } from "../testing/commandTestUtils";
+import { run } from "./finalCloseAndLockPeriod";
+
+describe("finalCloseAndLockPeriod", () => {
+  it("returns error when PeriodClose record does not exist", async () => {
+    const { db, spies } = createMockDb<Transaction>();
+    spies.select.mockReturnValueOnce(undefined);
+
+    const result = await run(db, { id: "nonexistent" }, commandCtx);
+
+    expectErr(result, PeriodCloseNotFoundError);
+  });
+
+  it("returns error when PeriodClose is in UNDER_REVIEW status", async () => {
+    const { db, spies } = createMockDb<Transaction>();
+    spies.select.mockReturnValueOnce(underReviewPeriodClose);
+
+    const result = await run(db, { id: underReviewPeriodClose.id }, commandCtx);
+
+    expectErr(result, InvalidStatusTransitionError);
+  });
+
+  it("returns error when PeriodClose is in IN_PROGRESS status", async () => {
+    const { db, spies } = createMockDb<Transaction>();
+    spies.select.mockReturnValueOnce(inProgressPeriodClose);
+
+    const result = await run(db, { id: inProgressPeriodClose.id }, commandCtx);
+
+    expectErr(result, InvalidStatusTransitionError);
+  });
+
+  it("transitions SOFT_LOCKED PeriodClose to PERMANENTLY_CLOSED with completionPercentage 100", async () => {
+    const updatedPeriodClose = {
+      ...softLockedPeriodClose,
+      status: "PERMANENTLY_CLOSED",
+      completionPercentage: 100,
+      finalizedByUserId: commandCtx.actorId,
+    };
+    const { db, spies } = createMockDb<Transaction>();
+    spies.select.mockReturnValueOnce(softLockedPeriodClose);
+    spies.update.mockReturnValueOnce(updatedPeriodClose);
+    spies.update.mockReturnValueOnce({ status: "PERMANENTLY_CLOSED" });
+
+    const result = await run(db, { id: softLockedPeriodClose.id }, commandCtx);
+
+    const value = expectOk(result);
+    expect(value.periodClose.status).toBe("PERMANENTLY_CLOSED");
+    expect(value.periodClose.completionPercentage).toBe(100);
+    expect(value.periodClose.finalizedByUserId).toBe(commandCtx.actorId);
+  });
+
+  it("also updates the associated AccountingPeriod to PERMANENTLY_CLOSED", async () => {
+    const updatedPeriodClose = {
+      ...softLockedPeriodClose,
+      status: "PERMANENTLY_CLOSED",
+      completionPercentage: 100,
+    };
+    const updatedAccountingPeriod = { status: "PERMANENTLY_CLOSED" };
+    const { db, spies } = createMockDb<Transaction>();
+    spies.select.mockReturnValueOnce(softLockedPeriodClose);
+    spies.update.mockReturnValueOnce(updatedPeriodClose);
+    spies.update.mockReturnValueOnce(updatedAccountingPeriod);
+
+    const result = await run(db, { id: softLockedPeriodClose.id }, commandCtx);
+
+    expectOk(result);
+    expect(spies.update).toHaveBeenCalledTimes(2);
+  });
+
+  it("emits audit event recording status transition from SOFT_LOCKED to PERMANENTLY_CLOSED", async () => {
+    const updatedPeriodClose = {
+      ...softLockedPeriodClose,
+      status: "PERMANENTLY_CLOSED",
+      completionPercentage: 100,
+    };
+    const { db, spies } = createMockDb<Transaction>();
+    spies.select.mockReturnValueOnce(softLockedPeriodClose);
+    spies.update.mockReturnValueOnce(updatedPeriodClose);
+    spies.update.mockReturnValueOnce({ status: "PERMANENTLY_CLOSED" });
+
+    const result = await run(db, { id: softLockedPeriodClose.id }, commandCtx);
+
+    const value = expectOk(result);
+    expect(value.auditTrail).toContainEqual(
+      expect.objectContaining({
+        type: "STATUS_TRANSITION",
+        from: "SOFT_LOCKED",
+        to: "PERMANENTLY_CLOSED",
+        actorId: commandCtx.actorId,
+      }),
+    );
+  });
+});

package/src/modules/finance-ledger/command/finalCloseAndLockPeriod.ts

@@ -0,0 +1,76 @@
+import { err, ok, type CommandContext } from "@tailor-platform/erp-kit/module";
+import type { Transaction } from "../generated/kysely-tailordb";
+import { PeriodCloseNotFoundError, InvalidStatusTransitionError } from "../lib/errors.generated";
+
+export interface FinalCloseAndLockPeriodInput {
+  id: string;
+}
+
+/**
+ * Function: finalCloseAndLockPeriod
+ *
+ * Transitions a PeriodClose record from SOFT_LOCKED to PERMANENTLY_CLOSED status,
+ * making the period fully immutable — no further journal entries allowed regardless of role.
+ * Also transitions the underlying AccountingPeriod to PERMANENTLY_CLOSED.
+ * Sets completionPercentage to 100% and records the operator's userId.
+ */
+export async function run(
+  db: Transaction,
+  input: FinalCloseAndLockPeriodInput,
+  ctx: CommandContext,
+) {
+  const { id } = input;
+
+  // 1. Find PeriodClose record
+  const periodClose = await db
+    .selectFrom("PeriodClose")
+    .selectAll()
+    .where("id", "=", id)
+    .forUpdate()
+    .executeTakeFirst();
+
+  if (!periodClose) {
+    return err(new PeriodCloseNotFoundError(id));
+  }
+
+  // 2. Validate status is SOFT_LOCKED
+  if (periodClose.status !== "SOFT_LOCKED") {
+    return err(new InvalidStatusTransitionError(id));
+  }
+
+  // 3. Transition PeriodClose to PERMANENTLY_CLOSED with completionPercentage 100
+  const updated = await db
+    .updateTable("PeriodClose")
+    .set({
+      status: "PERMANENTLY_CLOSED",
+      completionPercentage: 100,
+      finalizedByUserId: ctx.actorId,
+      updatedAt: new Date(),
+    })
+    .where("id", "=", id)
+    .returningAll()
+    .executeTakeFirstOrThrow();
+
+  // 4. Also transition the associated AccountingPeriod to PERMANENTLY_CLOSED
+  await db
+    .updateTable("AccountingPeriod")
+    .set({
+      status: "PERMANENTLY_CLOSED",
+      updatedAt: new Date(),
+    })
+    .where("id", "=", periodClose.accountingPeriodId)
+    .returningAll()
+    .executeTakeFirstOrThrow();
+
+  // 5. Emit audit event recording status transition and operator
+  const auditTrail = [
+    {
+      type: "STATUS_TRANSITION",
+      from: "SOFT_LOCKED",
+      to: "PERMANENTLY_CLOSED",
+      actorId: ctx.actorId,
+    },
+  ];
+
+  return ok({ periodClose: updated, auditTrail });
+}

package/src/modules/finance-ledger/command/finalizeFinancialStatement.generated.ts

@@ -0,0 +1,6 @@
+// @generated — do not edit
+import { defineCommand } from "@tailor-platform/erp-kit/module";
+import { permissions } from "../lib/permissions.generated";
+import { run } from "./finalizeFinancialStatement";
+
+export const finalizeFinancialStatement = defineCommand(permissions.finalizeFinancialStatement, run);

package/src/modules/finance-ledger/command/finalizeFinancialStatement.test.ts

@@ -0,0 +1,73 @@
+import { describe, expect, it } from "vitest";
+import { createMockDb } from "../../../testing/index";
+import type { Transaction } from "../generated/kysely-tailordb";
+import {
+  FinancialStatementNotFoundError,
+  InvalidStatusTransitionError,
+} from "../lib/errors.generated";
+import { baseFinancialStatement, finalizedFinancialStatement } from "../testing/fixtures";
+import { commandCtx, expectErr, expectOk } from "../testing/commandTestUtils";
+import { run } from "./finalizeFinancialStatement";
+
+describe("finalizeFinancialStatement", () => {
+  it("returns error when financial statement does not exist", async () => {
+    const { db, spies } = createMockDb<Transaction>();
+    spies.select.mockReturnValueOnce(undefined); // statement lookup
+
+    const result = await run(db, { id: "nonexistent" }, commandCtx);
+
+    expectErr(result, FinancialStatementNotFoundError);
+  });
+
+  it("returns error when financial statement is already FINALIZED", async () => {
+    const { db, spies } = createMockDb<Transaction>();
+    spies.select.mockReturnValueOnce(finalizedFinancialStatement); // statement lookup
+
+    const result = await run(db, { id: finalizedFinancialStatement.id }, commandCtx);
+
+    expectErr(result, InvalidStatusTransitionError);
+  });
+
+  it("transitions DRAFT statement to FINALIZED with finalizedAt set", async () => {
+    const { db, spies } = createMockDb<Transaction>();
+    const finalizedResult = {
+      ...baseFinancialStatement,
+      status: "FINALIZED",
+      finalizedAt: new Date(),
+      updatedAt: new Date(),
+    };
+    spies.select.mockReturnValueOnce(baseFinancialStatement); // statement lookup
+    spies.update.mockReturnValueOnce(finalizedResult); // update result
+
+    const result = await run(db, { id: baseFinancialStatement.id }, commandCtx);
+
+    const value = expectOk(result);
+    expect(value.financialStatement.status).toBe("FINALIZED");
+    expect(value.financialStatement.finalizedAt).toBeDefined();
+  });
+
+  it("emits audit event recording status transition from DRAFT to FINALIZED", async () => {
+    const { db, spies } = createMockDb<Transaction>();
+    const finalizedResult = {
+      ...baseFinancialStatement,
+      status: "FINALIZED",
+      finalizedAt: new Date(),
+      updatedAt: new Date(),
+    };
+    spies.select.mockReturnValueOnce(baseFinancialStatement); // statement lookup
+    spies.update.mockReturnValueOnce(finalizedResult); // update result
+
+    const result = await run(db, { id: baseFinancialStatement.id }, commandCtx);
+
+    const value = expectOk(result);
+    expect(value.auditTrail).toBeDefined();
+    expect(value.auditTrail).toContainEqual(
+      expect.objectContaining({
+        type: "STATUS_TRANSITION",
+        from: "DRAFT",
+        to: "FINALIZED",
+        actorId: commandCtx.actorId,
+      }),
+    );
+  });
+});