Locking a Period ( Financial Statement)

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Accounting > Monthly > Financial Statement

· Two periods must be open before the Open period can be locked.

Within the Financial Statement Screen:

1. Click the Choose Financial Statement dropdown and select the corresponding financial statement.

2. Click the Including Companies dropdown and select the corresponding company.

3. Click the Period dropdowns and select the month and year (the period selected will generally be the Open period).

4. Click the [Calculate] button.

5. Click the [Yes] button to the Lock Open Period prompt: “Financial statements for the Open Period have been recalculated. If the statement is complete and no more transactions should be posted to the open period before it is closed, select ‘Yes.’ To allow anyone to post into the open period, select ‘No.’ Note: The Close Period function must still be completed to finish closing the open period.”