2026-08-01 → 2026-08-31 · 1/10 steps complete · §7 default: monthly
§ 204Period close
CURRENT PERIOD
2026-08
STATUS
OPEN
LAST CLOSED
never
Close checklist
| STEP | NOTE | STATUS |
|---|---|---|
| All bank accounts reconciled | §7 default: monthly recon | PENDING |
| AR aging reviewed | PENDING | |
| AP aging reviewed · bills coded | PENDING | |
| Payroll posted · §28 tax liability cleared | PENDING | |
| WIP review · over/under billing booked | §7 default: cost-to-cost | PENDING |
| Depreciation entries posted | PENDING | |
| Month-end accruals booked | PENDING | |
| Trial balance reviewed · DR = CR | DONE | |
| P&L + Balance sheet reviewed | PENDING | |
| Period locked (corrections via reversing JE) | PENDING |
METHOD
Locking a period prevents new journal entries from being posted with posted_atbefore the lock date. Corrections after lock = a reversing entry in the open period (payroll §25 pattern).