What this page is for
An accounting period is a slice of time your books are closed for, one month at a time by default. Closing a period stops anything new being dated inside it — a late posting is redirected to the next open period instead of being lost — and closing the period that ends your financial year also sweeps every income and expense account to zero and carries the year's profit or loss into retained earnings.
Only people whose role can close periods see this page.
Next to close shows the earliest period still open, with Close period. Below it, Periods lists every period generated so far, with who closed it and any override used, and Reopen for one that is closed or locked.
How to…
How to close a period
- Press Close period.
- Confirm. Tulindo runs every pre-close check.
- If every check passes, the period closes at once, and, at a year end, the closing entry posts.
- If a check fails, the page lists each one with its own figures and a link to the rows behind it.
How to close with an override
Only for a check that allows one — the trial balance not balancing and the two exchange-rate checks never do.
- Fix what you can, then tick Override beside each remaining check you are choosing to waive.
- Type the Reason for the override. It is recorded, with the checks waived and your name, on the period.
- Press Close with … overrides.
At least one failed check that cannot be overridden blocks the close regardless. Fix it, then close again.
How to reopen a period
Press Reopen beside a closed or locked period, give a reason, and confirm. Entries can be dated in it again; the reopening and your reason are recorded.
Worked examples
Supermarket
Tumaini Supermarket tries to close August. The page lists two failing checks: Postings in the period are not posted (2 items) and A clearing account holds items past its limit (M-Pesa, 6 days against a 3-day limit). The accountant fixes the mapping behind the unposted items and retries them on Ledger postings; the M-Pesa settlement arrives the next morning and clears the clearing account on its own. Closing August then passes every check with no override needed.