How to Lock a Specific Accounting Period
Locking a specific accounting period can help ensure the accuracy and integrity of your financial records. This feature is available in the Estate Accounting tab and can be easily accessed by following these steps:
Navigating to the Estate Accounting Tab
To begin, navigate to the Estate Accounting tab in your account. This tab can be found in the main menu at the top of your screen.
Clicking on the Three Dots
Once you are in the Estate Accounting tab, click on the three dots in the top right-hand corner of your screen. This will open a drop-down menu with various options.
Selecting Lock Transactions
In the drop-down menu, select the option for Lock Transactions. This will take you to the page where you can enable the lock for a specific accounting period.
Enabling Lock Transaction Accounting Period
On the Lock Transactions page, you will see a box that says "Enable Lock Accounting Period." Click on this box to enable the feature.
Selecting the Start and End Dates
Once the feature is enabled, you will be able to enter the start and end dates for the period you want to lock. This will prevent any transactions from being entered within this time frame.
Entering Transactions within the Locked Period
When a user tries to enter a transaction with a date within the locked period, they will receive an error message stating that the period is locked and no transactions can be entered. This helps ensure the accuracy and consistency of your financial records.
