Lock dates and the year-end transfer

Setting a lock date

1. Open the page

   On the Journals tab choose "Year end and lock date".

2. Enter the date

   Enter "Lock up to and including", for example the date of the last VAT return filed or the last approved year end. It cannot be in the future.

3. Save

   Press "Set the lock date". Only an owner can set or move it. To unlock, clear the date and save.

Posting the year-end transfer

1. Enter the year

   Under "Year-end transfer" enter the year start and year end.

2. Post it

   Press "Post the year-end transfer". The profit and loss balances move to 3100 for a company, or the 3000 capital account for a sole trader or partnership.

Reports after the transfer

The profit and loss account and trial balance still show the year's figures, because they leave the transfer out. Tick "After the year-end transfer" on the trial balance to include it.