Accounting Periods

For your reference

https://quickbooks.intuit.com/learn-support/en-us/expense-accounts/close-your-books-in-quickbooks-de...

Thank you for your assistance @Fiat Lux - ASIA . However, this does not help me. Your solution takes care of past periods. So if my accounting year is 2021, I can lock up to 2020. This is not the problem in my case.

My problem is with future dates ahead of my accounting year. My current account year is 2021, but you find some clerks mistakenly posting into 2025.

Again, for hotels, we prefer to work and close our books monthly. Which means, even though my accounting year is 2021, i am currently working within January. Hence no postings should be allowed in February to December until those months are individually reached.

Your solution takes care of the past, I want another solution that takes care of the future. 

This is actually a standard feature in most accounting softwares.

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@PVR FC wrote:

So if i am working in the moth of January, I want to block all dates before first January and after 31st January.

 

This is a common feature in most accounting softwares.

There is no such feature in QB. May I know which other accounting software have this feature?

All of them have periods.  Not all accounting programs force you to set up periods and not let you post to future periods.

The issue is also about the ability to enter a true vendor bill date to a closed period.  You will never receive all of your January bills by January 31st.  You can correct your financials by accruing expected expenses through journal entries, but when the true bill comes in on February 25th and you've closed January, how do you keep your records straight when you can't post to January anymore.