How to enable and use Closing Months

Find out how to enable and control postings to each month of your year.

Control your transaction postings for each month

Simply define if each month of your financial year is Open for all postings, is only for posting Purchase transactions or is Locked for any further postings (manual journals are still allowed when set to Locked). This will ensure that any unwanted transactions will not get posted to the wrong month or Period in your Accounts during the year.

1. Open
2. Purchase Only
3. Locked

To enable Closing Months you need to do the following:

Click on Settings > Finance and Banking, scroll down to Closing Months
Now click on Enable Posting Periods
Once enabled you will now be able to set the status for each month of your financial year and the previous years will be locked.
Simply click on EDIT beside each month and select the setting required and Save.