Modifying Financial Locks

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 locked or Actual finances. Finance 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 finance administrator, you can unlock a project's financial information.

To unlock a global finance lock:

1. 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.
2. Select the Settings tab.
3. If you have the required permissions, you should be able to edit this page. Click the Edit button.
4. For the setting Use Global Lock Month, select No.
5. Click the Update.

To unlock project finances if a temporary global lock has been set:

1. 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.
2. Select the Settings tab.
3. If you have the required permissions, you should be able to edit this page. Click the Edit button.
4. For the setting Unlocked Locally (Global Lock Overridden), select Yes.
5. Click the Update.

Related Topics

Working with Project Financial Data

Viewing Project Finance Summary

Editing Financial Data

Requesting Financial Data Validation

Comparing Finances

Validating Financial Data

Working with Finance Snapshots

Working with Finance Settings