MYOB AccountEdge doesn't require you to close accounting periods. The things you do to "close" an accounting period are more for the sake of keeping track of your periodic business activity, so you have accurate historical records to refer to in the future. As a result, the tasks listed below are merely suggestions-but they're suggestions that may help you out a great deal someday.
AccountEdge allows you to "lock" the closed accounting period to prevent you from inadvertently making an entry in a month in which you don't want new entries. This "lock" affects the month you select and all months before it. If, at a later time, you need to make an entry in a month that occurs before the month you selected here, simply change your selection here so that month is "unlocked" and available for transaction entry again.
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