In Manager, closing an accounting period is not required, but a lock date can be set to prevent any changes on or before a desired date.
Go to the Settings tab and click Lock Date:
Enter the desired lock date and click Update.
Maria wants to prevent any changes to accounting transactions before 1 January 2015. She sets the lock date to 31 December 2014:
Now, if she tries to edit or delete any transaction dated on or before 31 December 2014, she will see the following notice:
You can temporarily remove the lock date if you need to edit or delete a transaction. Enter the lock date again when you have completed the changes to previously locked transactions.
Lock Date is useful in multi-user editions of Manager to prevent restricted users from modifying locked transactions. Ensure the Lock Date feature is disabled for restricted users to prevent them from unlocking restricted data. For administrators or unrestricted users, the feature will act as a reminder to prevent accidental data modification.