How to close an accounting period, and how do I reopen it
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The written steps below already work. Come back to watch it.
How to close an accounting period, and how do I reopen it. A step-by-step walkthrough of the screens, buttons and fields involved.
The steps, written out
- Open General ledger and go to the Period close card.
- Choose a past date in Close books through and press Close period. Only a date before today is accepted ("Pick a past date to close through").
- Everything dated on or before it is locked: invoices, payments, credits, voids and refunds can no longer be created or changed in that period.
Tip
To reopen, only the Owner / Administrator sees Reopen: enter Reopen to (leave blank to unlock everything) and press Reopen. Accounts & Billing and the Owner / Administrator can close; the Office Manager cannot.