Calendar Month Locking
How to lock a calendar month
Last updated
How to lock a calendar month
Last updated
A Trust Period (a calendar month), should be locked once:
All unfinalised and finalised payments received in the month have been transferred to Trust.
Navigate to Trust → Transfer Payments
Click on the Show unfinalised deposits checkbox.
Under the Transfer All | None column, select the individual payments you wish to transfer and lock or click All.
Click the Finalise and Transfer.
The calendar month can be locked - "closed" by team members who have the Trust R5 – Advanced Accounting role:
Navigate to Trust → Setup.
Click on the Periods tab.
Click on Close Period in the Action column of the month you wish to close.
Click OK when the "Are you sure" dialog box appears.