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26 votes
Thanks for your idea, Sarah - We'll get a sense of the interest here.
Perhaps in the meantime you could look to use the Archive and restore options for an account in your chart of accounts as a way of managing this?
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Jaiden Cummings
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177 votesJaiden Cummings
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Lockout for chart of accounts on a per account basis - Similar to our current financial year lock dates.
The thought behind this one is isolating year on year loans for companies, such as where Div7a provisions apply (for AU), which would prevent allocation to these accounts in error.
Div7a, broadly, relates to loans to and from companies for individuals and for the ease of client use, we use accounts to track this in the form of YYYY - Shareholder Account. For the purpose of calculating, we require these accounts to be adjusted year on year with various accounting entries to recognise interest on these payments.
By allowing locks on the accounts, as they cannot be archived, it would enable a level of control over the account.
I would imagine there would be various accounts which could benefit from this lock as well due to largely being accounting entries, rather than being bank transactions as well.