How do I lock a period after lodging a BAS in Kontuly?
In Kontuly, open Settings, find Financial year & region, pick a date in Lock date (optional) and click Save changes. Nothing dated on or before that date can then be posted, changed or voided, so a BAS period you've lodged or a year your accountant has finalised stays as reported.
- Open Settings.
- Find Financial year & region.
- Pick the Lock date (optional). Usually the last day of the BAS period you just lodged.
- Click Save changes.
To remove the lock, clear the date and save.
What does the lock block?
Anything that would post or reverse a journal dated on or before the lock date is refused with "Period is locked: transactions on or before … cannot be changed". That includes:
- posting a manual journal;
- approving an invoice, bill or credit note;
- recording, matching or removing a payment or refund;
- coding, splitting, matching or unassigning a bank line;
- voiding anything.
Saving drafts still works. Bank lines dated in a locked period can still be imported, but bank rules won't code them; they wait for you.
I found a mistake in a locked period
The usual practice is to leave the period alone and post the correction in the current period, with a narration explaining it. If it really must go in the locked period (your accountant will tell you), clear the lock date, make the correction, then set the lock date again.
Is this the same as a reconciliation lock?
No. A finished bank reconciliation locks only the entries you ticked. The lock date blocks every change up to a date.
If you converted from another package, the conversion can set the lock date for you, at the day before your conversion date.
Related questions
- How do I record paying the ATO for my BAS in Kontuly?Code the ATO payment or refund bank line to your GST account in Kontuly, splitting out PAYG withheld and instalments. It won't appear on your next BAS.
- How do I void or reverse a journal in Kontuly?Void a manual journal in Kontuly to post a reversing entry on the same date. Which journals must be corrected elsewhere, and what blocks a void.
- Do I need to do a year-end close in Kontuly?No year-end close is needed in Kontuly. Last year's profit moves into retained earnings automatically. What to do at year end instead.
- Why does Kontuly say "Period is locked"?The transaction is dated on or before the lock date in Kontuly's Settings. Date the correction after it, or clear the lock date, fix it and set it again.
More about accounts and reports
- How does the chart of accounts work in Kontuly?Kontuly's chart of accounts sorts every dollar into accounts by type and report group. What a new business starts with and how it shapes your reports.
- How do I add, edit or archive an account in Kontuly?Add a new account in Kontuly's Chart of Accounts, change its code, name or GST code, or archive one you don't use. What can't change once it's used.
- How do I post a manual journal in Kontuly?Post a manual journal in Kontuly for adjustments with no invoice or bank line, such as accruals, depreciation or corrections. Debits must equal credits.
- How do I record and depreciate fixed assets in Kontuly?Register equipment and vehicles in Kontuly's Fixed assets screen, choose prime cost or diminishing value, and run depreciation monthly or yearly.
- How do I sell or write off a fixed asset in Kontuly?Dispose of a fixed asset in Kontuly and it brings depreciation up to date and posts the gain or loss on sale, or writes the asset off. You can undo it.