Closing and Locking Periods

You can close or lock one or more periods at the same time.

Closing a period prevents new reconciliations from being started but allows reconciliations that are in progress to be completed and actions can be taken on the reconciliation including data load.

Locking a period prevents changes to reconciliations for the period. Notifications continue to run when a period is closed but not if it is locked and it also prevents Transaction Matching transactions from being loaded that have an Accounting Date that is less than or equal to the locked period’s End Date.

Note:

You can use the filter bar to narrow the list of periods if you are working with large lists of periods.

Closing Periods

To close one or more periods:

  1. From Home, select Application, then Periods.

  2. Select one or more periods.

  3. Use the Set Status drop down list, and then select Closed.

Locking Periods

To lock one or more periods:

  1. From Home, select Application, and then Periods.

  2. Select one or more periods.

  3. Use the Set Status drop down list, and then select Locked.

For additional information, see What is Locked Through Date in Transaction Matching?, Additional Considerations When Using Locked Through Date, and Why does Transaction Matching Reopen Reconciliations?.