Books closed date
Lock every transaction up to a date once a period is final.
For property managers
The books closed date locks every journal entry on or before it. Nothing in that period can change: no expense, no deposit, no reservation update from your PMS.
Close the books
Close a month after its owner statements are published and its bank accounts reconciled.
- Go to Settings > Books Closed Date.
- Turn the books closed date on and choose the last day to lock, such as November 30.
- Save.
After closing
- Posting into the closed period fails with an error.
- PMS changes to reservations in the closed period do not sync into it.
- A correction to a locked reservation is an adjustment dated after the books closed date, see Adjust a locked reservation.
See Locks for the other locks.