Finance lock mechanism is used to indicate if the finances entered in the system have been validated and locked. Finance representative sets the lock month to indicate that the numbers below finance lock month should be considered as Realized or Actual finances.
The Financial Administrators have control over the financial lock month – this date is set globally through the administrator module. Any data prior to this date is locked and cannot be modified unless explicitly re-opened for a particular project. If you are the Financial Administrator, you can unlock a project's financial information.
Navigate to the Project Finances page by selecting (Project #) >Go To > Finances, or clicking the Finances link on the Left Navigation bar within the context of the project.
Select the Settings tab.
If you have the required permissions, you should be able to edit this page. Click the Edit button.
Choose Yes from the Current Project's Financials are Unlocked pull-down menu.
Click the Update button to save your changes.
Click Cancel to leave the page without saving your changes.
Notes:
Any multiplication factors that are part of your finance configuration are also displayed on the Settings page.
If you are unable to edit financial data for a particular period please contact your administrator.
