Accounting Lockout Dates

Guide Steps

About

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:

  1. Accounts Payable – restricts check requests and vendor invoices to be posted before this date.
  2. Accounts Receivable – restricts any client billings to be posted before this date.
  3. 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.

1

Where

The Accounting Lockout Date setup can be Navigated to:

Setups > Companies > Accounting > Dates

2