How to Lock Accounting Periods



Locking accounting periods helps protect your books from unintended changes after a specific financial period ends. It's a common step after submitting tax returns or completing year-end reviews.

This guide walks you through how to lock accounting periods inside Wafeq, step by step.

How to lock a financial period?

To lock a current or past period, click on your organization name, then click Lock periods from the dropdown menu.



To add a new period, enter the following details in a new row:

• Organization: Select the organization you want to lock the period for. This field will show all organizations you have access to.
• Period ending: Choose the date after which no transactions will be allowed. Any journal entry dated on or before this date will be rejected.
• Status: Choose Closed to lock the period immediately, or Opened if you’re just preparing the period and not ready to activate the lock yet.
• The Created and Modified timestamps are filled automatically.





• To add a comment, click the + icon next to the period.
• Enter your note in the panel, such as Stocktaking lock.
• Then click the Comment button to save it.
• You can view the saved comments again by clicking the same + icon.



You can manage the list using:

• Search bar: to quickly locate a period by organization name.
• Sort button to arrange the table by period end date, ascending or descending.
• Filter button to narrow results by date or organization.



If you try to add a transaction dated before a locked period, the system will show an error message.