Financial periods (close accounts)
To ensure that no more movements can take place in a closed financial period, it is possible to enter a closed period for the accounts. You close it after you have done the audit and the tax return for that year.
After closing the accounts to a certain period, you can no longer make financial changes in the period prior to the date entered. However, it is possible to change the date entered to an earlier date if adjustments are still necessary.
Close accounts
To be able to close the accounts, you need to enter a date in the Administration settings on the tab Accounting closed until. All financial transactions before this date are locked and cannot be changed.
If someone wants to make a change to a financial fact that falls in the closed period or if someone wants to add a financial fact then this is not possible and they will be notified.
Editing a closed period
To edit a closed period, go to Administration settings and to the Accounting tab. The date entered under Accounting closed to can then be edited.