Period close & locking
Lock a month or year so finalized records can't change — with a full audit trail.
Period close & locking
Period close finalizes a month or year so prior transactions can't be edited, protecting the integrity of your reports and tax filings.
Close a period
- Make sure transactions are categorized and accounts are reconciled.
- Go to Accounting → Period close and select the period.
- Confirm to lock it. Only authorized roles can close or reopen a period.
Audit trail
Every close and reopen is logged with who did it and when. If you need to make a change after closing, post an adjusting journal entry in an open period rather than editing locked records.