Manage accounting periods

Last updated: June 20, 2026

Learn the concept
This is the step-by-step. For what it is and how it fits the bigger picture, read Accounting Periods in the reference.

Setup

What this is

Closing a period locks it so its figures cannot change. Use it at month-end or year-end to protect your books.

Before you start

You need access to Finance accounting processes, and your financial year end set.

Open Period Management

Go to Menu > Finance > Accounting Processes > Period Management.

Close a period

  1. Click Create. Set the Period begin, Period end and the Close Scope.
  2. Work through the Checklist, and let Cloudby post any Currency Revaluation and Provisional Entries for the period.
  3. Lock the period from the status control. The Summary tab shows the closing summary.
Period ManagementPeriodClose ScopeStatusJan – Apr 2026Whole companyLockedMay 2026Whole companyLockedJun 2026Whole companyOpenDefault year end: 31 December
Accounting periods, some locked simplified mockup
Good to know. A locked period stops new postings dated inside it. An override is available, and cancelling a close asks for a reason, so the history stays clear. Your default year end is shown on the screen.

Related

  • Read your financial statements
  • Submit e-Invoices