Accounting periods and close
Without a period close any report can be disputed, because data for past months keeps changing. The close wizard runs routine operations step by step, locks the period with checksums and requires a separate permission to reopen it.
Plan Simplified close on all plans, the wizard with routine operations from the “Accounting” plan.
What is inside
- Routine operations: depreciation, payroll accrual, deferred expenses, interest, currency revaluation, financial result
- Wizard steps can be skipped only explicitly, with an entry in the log
- Checks before closing: drafts, negative balances, unallocated payments
- A correction in a closed period is made by reversal in the current one
- Reopening: a separate permission, a justification and an audit log entry
- Period checksums: number of postings, debit and credit turnover
Limits
A closed period accepts no changes. If an error must be fixed in that very period, a user with the permission reopens it, and all data consumers see the event.
Frequently asked questions
Do I have to close every month?
For accrual-basis reports, yes: without a close, depreciation, revaluation and the financial result are not accrued. In simple mode the close is simplified and takes one step.
What will 1C see if a period is reopened?
A reopening event and reset checksums. After the new close the totals are recalculated, and the consumer reconciles the export again.
Use cases with this feature
Other features
Start with a bank statement
Upload last month’s statement and see your cash flow before setting anything up. If you need to move from 1C or work in several countries, we will show it on your data.