Manage accounting periods

Accounting periods control when journals can be posted. Create the periods you operate in, and close a period to lock it once it is finalised.

Beginner4 steps~3 min

Open Accounting Periods.

From the General Ledger, choose Fiscal Periods. The list shows each period and whether it is open or closed.

Click "Create period".

Choose the cadence — monthly, quarterly, half-yearly, or yearly. The first period you create sets the cadence for the entity.

Enter the period code and create it.

The code follows the cadence — for example 2026-06 for a month or 2026-Q1 for a quarter.

Close a period when it is finalised.

Use the Close action on a period row and confirm. No further journals can be posted into a closed period.

Closing a period is meant to lock a finalised period. Make sure every journal for that period is posted first.