Accounting lockout dates are used to help ensure transactions do not get posted in a closed or wrong accounting period.
These dates prevent transactional post dates to be used on or before these dates. The three dates are:
- Accounts Payable – restricts check requests and vendor invoices to be posted before this date.
- Accounts Receivable – restricts any client billings to be posted before this date.
- Postings – restricts any General Journal entries to be entered or posted before this date.
This three-level approach gives controllers the flexibility to leave some types of transaction portable while restricting other types.
The Accounting Lockout Date setup can be Navigated to:
Setups > Companies > Accounting > Dates