You are trying to post a transaction and getting this error: “Accounting Period is in locked/closed…”.
This error generally occurs when you are trying to do a transaction in a closed or locked Accounting Period. For instance, you are trying to make changes to older Invoices from a previous Fiscal Year or a locked period of this Fiscal Year.
How to resolve this issue?
If the Account Period is Locked
You can create the Accounting Periods with sub-periods so that you can lock those sub-periods when you’re closing them (e.g. doing month-end).
The system does not let you do any transaction in the locked Accounting Period.
To be able to do the transaction, you have to unlock the sub-period which relates to your transaction. You can do this from the Accounting Periods module. Here’s how:
- Navigate to the ‘Accounting Periods’ module.
- Double-click on the Accounting Period for which you want to unlock the sub-period.
- An Accounting Period Details window will pop-up.
- Uncheck the respective box under “Lock Action” column to unlock the period.
- Now, you should be able to do the transaction.
If the Accounting Period is Closed
As an accounting practice, the Fiscal Year is closed at the end of the FY.
Once the FY is closed, the system does not let you post transactions in the closed period as the books are already closed and you might not want to change the closed balances.
To be able to do the transaction, you have to re-open this Closed Accounting Period from the Accounting Period module. Here’s how:
- Navigate to the ‘Accounting Periods’ module.
- Right-click on the year you want to reopen.
- Click on the option, ‘Re-open Closed Accounting Period’.
- Press OK to continue.
- Now, you should be able to do the transaction.
