Ledger

Close books

Year

Close each month once its checklist is clean. A closed month takes no postings. Reopening needs a reason. A locked month is final.

Month	Status	Posted entries	Closed	Note	Actions

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Controls

Loosening a control (turning an approval off, raising or removing a limit, lowering class tracking) waits for another admin's approval when the company has one. Tightening applies at once.

Fiscal year starts in A second person posts manual journal entries A second admin reopens a closed month (one asks, another reopens) Bill approval limit · optional A bill over this amount posts only after an admin who did not prepare it approves it. Payment approval limit · optional A payment to a vendor over this amount is made only by an admin, and not by the one who entered or changed a bill it pays. Class tracking Required: a line with no class does not post. Warn: easiBooks asks before saving it.

Sales tax

Sales tax With the engine on, invoices and customer credits get their tax from Tax rates and exemption certificates. Company's tax state Two letters. Used for sales picked up here, and customers with no tax place. Company's county · optional

Close books

Checklist

Controls

Sales tax

Close the month