General Ledger Q&A: Advance Current Year

November 2020    Tags: General Ledger, GL Journal Entries, Year-End

We are getting ready to close the books for 2020. Is there any way to stop users from making changes to journal entries dated prior to a certain date?

The Date through which books are closed option provides the ability to make sure older journal entries are not changed.

To change the Date through which books are closed

1. From the Utilities menu, select Edit GLS Client.
2. In the Journal Entry Date Restriction section, select the desired Date through which books are closed.
3. Press Ctrl+S.

Note: This date specifies a close date for which the firm no longer wants journal entries posted or edited. This allows you to preserve the integrity of historical financial information.