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Locked Periods

Locks prevent changes to transactions and journal entries prior to a selected date, helping ensure your books stay accurate and finalized for reporting or tax purposes.


How to Lock or Unlock

  1. Once you’ve finalized a period, go to SettingsLocks.

    Locked_1.png
  2. Select the month you want to lock and click Lock.

    Note: Locking a month also locks all prior months.

  3. To unlock a period, click on the locked month and choose Unlock.


What’s Restricted in Locked Periods

Transactions tab

Locked periods prevent changes to the following:

  • Categorization (single or bulk)

  • Entity assignment (single or bulk)

  • Vendor or Customer assignment (single or bulk)

  • Matching or unmatching transactions

  • Splitting or un-splitting transactions

  • Assigning or removing Classes (single or bulk)

  • Editing Chart of Accounts mapping

    Locked_2.png

Accounting tab

  • Creating or deleting manual journal entries is disabled.

Accounts tab

  • You cannot delete any account that has transactions within a locked period.

  • If a new account is added to an entity with a locked period, transaction data will not sync for the locked dates.

    Note: If the period is later unlocked, the transaction data will sync.

Rules

  • Rules will not modify transactions in locked periods.


What You Can Still Edit

The following actions are not restricted and can still be performed on locked transactions:

  • Answering substantiation questions for expenses (e.g., “Who did you meet?” or “Where did you travel?”)

  • Adding notes

  • Uploading receipts


→ Tax Extension Filing Guide

← End-of-Year Tax Package