Coming Soon: Locking your accounting books

Soon, you’ll have the ability to set lock dates for accounting periods so you’re in compliance with GAAP and trust accounting rules and regulations. With this new feature, you’ll be able to:

  • Prevent any changes to a financial period that has been reconciled and closed
  • Designate financial administrators who have permission to make financial adjustments within a locked period
  • Receive alerts while recording any transactions dated on or prior to a set locked period

To get started, you will be able to adjust and set lock dates at the property and global level. 

Navigate to Settings, Application Settings and click on Locked periods under Business rules

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Users with View only access to Application settings will be able to see the locked date on the global and property level (under the Overrides tab). Users with Edit access to application settings will be able to set up and edit the locked date on the global and property level (under the Overrides tab)

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At the property level, users with access can set custom locked dates and remove a property level lock date, which resets the setting to use the global date. 

Users will also be able to bulk update several property lock dates at one time using the Update lock date option.

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Once locked dates are set, they will appear on each property’s Summary page. Users with Edit access to Application settings will see the link to edit. This link will navigate the user to the global or property level lock date settings page.

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Still have questions?

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