Lock Financial Year
complete
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Teresa Phillips
Ability to lock previous financial year at user/accountant discretion once year is complete
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Mikayla - Farm Focus
complete
Financial years are now able to be locked by accounts via workspaces, preventing any changes being made in that locked period.
I have attached articles below that go through this from both a farmers and accountants perspective.
Mikayla - Farm Focus
in progress
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Angela Fullerton
Yes - I would like to finalise or lock the financial year. This year had a major query with Accountant as they thought the financial year was complete.... early July. However I had loaded some invoices which were addressed to us but were actually for another farm (invoiced wrong person....I just forward all invoices). The invoices from accountant perspective mean "bought and in accounts payable" These were for some big capital purchase items and it wasn't until draft accounts were done that I queried. This in turn meant all the depreciation was wrong and it was a total waste of time - and cost. Previously on Cash Manager would have finalised accounts for end of year - my accountant would know this and I would know this.
So from my accountants perspective they suggested I move to Xero so this won't happen... Also if I type in the wrong invoice date - it can mess up the year... would like to have a message "are you sure this financial year has been closed".
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Katrina Geddes
Yes this is needed for Accountants please and or a popup message that is triggered once the accountants report has been run that says something like "Accountants Report has been completed for this Financial Year, are you sure you wish to proceed" each time a client tries to change anything in a prior financial year. Also it would be good if clients that still need to import bank statements are not able to change the date on imported transactions, I have one client that does this regularly and puts transactions into another GST period
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Carol Bovey
Yes this is needed desperately. I have found clients can easily accidentally put the wrong year on an invoice date eg. 31/01/21 instead of 31/01/22 then you get your opening AR/AP not matching your prior year closing AR/AP as it was imported last year and have to go through line by line comparing both to find the exception.
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Vicki Worker
How far away is this feature request from being actioned please? With clients dating their own invoices and able to add an invoice date its easy for them to go in and add an invoice date for a prior year even if we have processed it which means closing & opening creditors dont match. Its critical that we have the ability to close a year so this cant happen or we spend a lot of time working out which extra invoices have been added and have to manually import into our end of year accounting system. Can we please have this addressed asap, Thanks
Farm focus
Merged in a post:
Locking End of Year Stock/Transactions
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Sandra Fransen
Just wondering if a feature could be added where after you have finished your stock rec for the previous year, and the accounts for the previous year and have sent them off to the accountants. Is there a way to 'lock' the transactions and stock figures so that they can't be easily adjusted again. (Similar to when you'd created your year end in Rural or once you've done the GST for transactions they are 'locked')
Thanks :-)
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Sandra Fransen
I just created a similar post - sorry didn't see this one, however it would be great to be able to lock stock numbers too.
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Sally - Farm Focus
HI Teresa, thank you for your feedback. We have this feature in our backlog and will advise you when its status changes.