Forum Discussion

Happygirl's avatar
Experienced User
2 years ago

Unlocking prior locked periods

Is it every advisable to UNLOCK prior periods to correct errors in posting from our bank feeds (e..g posting a deposit to a suspense account) when it should have been posted to a purchase refund, or will it have an impacted on our reported financials.



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  • Shella_A's avatar
    MYOB Moderator

    Hi Happygirl 


    Thank you for your post. With the process of unlocking prior periods, we highly recommend speaking to your accountant or bookkeeper before working in a prior locked period. Making changes to a period you have already prepared reports for could have compliance implications.


    You may also have a look on this Help Article: Lock A Period  and Transacting in closed financial years that has detailed information and instructions to assist with this.


    If you need further help with this don't hesitate to start a new post or reply to this post and we'll be happy to assist.