Close Accounting Periods

Soft Close

GoldFinch does not require a Hard Close of an Accounting Period by changing its Status. Instead, you can control posting access through date settings in Company Setup and User Setup.

Company Setup

Navigate to Company Setup to adjust Allow Posting From and Allow Posting To dates. Allow Posting From should be the first date of the current open accounting period.

• This company-wide setting prevents users from posting transactions with a posting date outside the defined range.

• New cost adjustment entries for closed periods will use the Allow Posting From date to ensure that financial statements for closed periods remain unchanged.

User Setup

In some cases, specific accounting users may need to post entries outside the date range specified in Company Setup. In such situations, individual user date range settings can be applied, which will override the company-wide settings.

Hard Close

A Hard Close of an accounting period is optional for most companies but is required for Financial Consolidation.

More Information

For useful routines that assist in analyzing end-of-month inventory discrepancies, refer to the following links:

• Inventory Quantity Resync
• Inventory Zero Out Costs Routine
• Inventory Analysis

Article Close-Accounting-Periods  ·  Last updated October 02, 2025 · GoldFinch ERP Help Center