how to close monthly period

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  • Updated 4 weeks ago
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How do you close off prior months to prevent accidentally posting to prior period especially important once BAS has been completed?
Reckon Enterprise
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Posted 4 years ago

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Inigo

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Fivestar,

There is a feature called "Closing Date Password" which you can set to stop accidental postings to prior periods.

Click on the Edit menu and select Preferences

Click on the Accounting section on the left hand side

Click on the Company Preferences tab

Go to the bottom section titled "Closing Date"

Click on the Set Date/Password button

Choose the date and set the password that you want to use.

-IM
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Hi IM

is this suitable to be done monthly and do you enter the month end date (ie 31/01/18) or the date you actually close (ie14/02/19)

many thanks
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Felicity Van

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yes, you can do this monthly & enter the month end date.

you get a prompt if you try to enter a transaction that is in a closed period & can override by using the password.  That is why this function is usually set by an administrator.
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