As well as closing on an accounting period (month), you can lock off entries at the end of each week or each fortnight. To lock the entries, you set a Timesheet Lock Date once all entries are posted for the relevant time frame.
Entries affected will include:
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Timesheets
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Disbursements
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Invoices (bills)
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Receipts
To set a timesheet lock date
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Select Maintenance > Time Setup > Processing Time Setup. The Processing Time Setup page opens.
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Select the Accounting Year from the drop-down.
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Enter a Timesheet Lock Date for the accounting year. Enter a date in the format dd/mm/yyyy or select it from the drop-down calendar.
This option enforces employees to complete their timesheets by a specified date.
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Click OK to save the changes and close the Processing Time Setup page.