Lock accounting periods
It would be beneficial if there was an ability to lock accounting periods so that adjustments to transactions cannot be made after the fact, as this would remove risk of auditing issues.
Insights Team
shared this idea
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Glen Piper
commented
This is important to remove GST balance corrections being required.
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Leanne Gray
commented
yes, please this is important
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kathyl
commented
This is very important as every time Financials are sent to the auditors, they have changed as the debt recovery and also adjustment post close off, can't be avoided as there is not lock function.
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Smitha Choudhari
commented
Need a feature to lock the financial year end to avoid adjustments after roll over of the financials
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Pasquale Daniele
commented
Enable prior accounting periods to be locked so that once financial statements are prepared for an AGM they cannot be inadvertently changed. This will assist in eliminating errors when rolling over the financial year so that retained earnings have not changed post AGM