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Locking Financials at month end


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5 comments

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    Sarah Habgood

    We use the accounting function within Administrate and am pretty happy with it, but the inability to "close" previous periods is a major downside, as unecessary time has to be spent investigating back postings which can happen accidentally. Year end close would be particularly beneficial and time saving.

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    Donna Simmons

    I agree that this feature would be extremely beneficial and prevent errors being created by back posting.  This is quite a concern for me, especially as multiple users have the ability to change details from previous months.

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    Troy Michels

    The plan for the financial platform is to integrate with full accounting platforms, starting with Xero what will assume this functionality.  We'll be testing with early adopter customers later this spring.

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    Almond, Paul

    Hi Troy,


    Great to hear you are looking into integrating with accounting platforms. What is the priority on Sage?

     

    Thanks
    Paul

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    Rodenburg, Anita

    This tool existed in the past, see: [redacted] and is actually a MUST for finance. It allows you to lock past periods for VAT returns and Year End Accounts. So I hope Xero will offer it, or it can be implemented afterwards. Thanks.

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