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Period Locks (Month-End Close)

Period locks let you close a calendar month so no new journal entries can be posted to it. This is the accounting equivalent of a month-end or year-end close — once a period is locked, the numbers are final.


Who can lock and unlock periods

Only owners and admins can lock or unlock periods.


Locking a period

  1. Go to Reports in the sidebar.
  2. Scroll to the Period Locks card near the bottom of the page.
  3. Use the month picker to select the period you want to close (it defaults to the previous month).
  4. Click Lock Period.

The period appears in the locked periods table immediately.


What locking prevents

Once a period is locked, any operation that would post a journal entry dated in that period is blocked:

  • Receiving stock (purchase orders, manual adjustments)
  • Starting or completing a production run
  • Fulfilling a sales order
  • Completing a POS sale

The operation fails with a message like:

Period June 2026 is closed. Unlock it in Reports → Period Locks before posting.

This protects your closed books from accidental backdating.


Unlocking a period

If you need to make a correction to a closed period:

  1. Go to Reports → Period Locks.
  2. Find the period in the locked periods table.
  3. Click Unlock and confirm.

The period is immediately open for new entries. Lock it again when you're done.


Typical month-end workflow

  1. Run the Trial Balance for the month and verify it is balanced.
  2. Export the trial balance CSV if you need to hand it off to your accountant.
  3. Lock the period from Period Locks.
  4. Move on to the next month.

There is no limit on how many periods you can lock, and past periods can be locked at any time — not just at close.

This guide covers the Iraca app and its add-ons. The Iraca Marketplace is documented separately.