Accounting periods

1. Accounting periods

   Open and close each month. Once a period is closed its figures are locked so they can’t change — use this to protect finalised months.

2. Fiscal year

   Pick the financial year to view its months and their open or closed status.

3. Year-end close

   Close the whole year — income and expenses roll into retained earnings and every month is locked.

4. Each month

   One month with its status — open and editable, or closed and locked so figures can’t change.

5. The columns

   Each row is a month with its status — open (editable) or closed (locked).