| Date settings FAQ - Accounting |
Resolution | When starting using your account, you need to set up your Dates from - Settings
- Business settings
- In the Financial Settings section, select Financial Settings (Fiscal Year & Accounting Method in the US) (From the menu More > Business Settings in Start version)
Year-End date and Lockdown date: - Year-End date must always be the day before the beginning of the current year.
- You cannot edit, print, or create transactions before the Lockdown date.
- Year-End dates will need to be manually changed as you perform your Fiscal Year End procedures
- The Year-End Lockdown date will not allow posting data prior to the date selected.
Accounts Start date: - Account Start Date is optional, however, must be given if using opening balances, and will be the day after the Opening balances About opening balances in Accounting
- Accounts Start Date is the date of the first transaction posted, which can be retro dated.
- Accounts Start Date cannot be set before the current Year-End Lockdown date (although the lockdown date changes after closing the financial years).
- Account Start Date does not change year to year
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