Lock Date - Allow for data to be entered before lock dates, but without affecting existing balances
I’m moving from an existing system to Xero, so need to enter my new data into Xero for the current financial year which the accountant then files with HMRC. But at the same time I need to import my older data without affecting the current filings. All the accountant can do is to lock the accounts from a date backwards, which means I cannot enter my old data.
All I want is to be able to lock financial years, enter the old data and then use Xero to identify if the accountant needs to make any future adjustments.
David Avery
shared this idea
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charlotte callanan
commented
This is so important, Descriptions, Tracking and reconciling payments/credits should be allowed when a period is locked as this does not affect the figures. Everytime my team need to amend a description (for example a supplier invoice is taken off of hold and ready to pay as this is is the only function Xero has to put supplier invoices on hold) i have to reopen a period. Its counter productive and needs to change asap!!