Reconciliation & Close

• Month-end

  Checklist complete and no pre-journal item left unapproved before soft close.

• Quarter-end

  All three months soft-closed, no open pre-journal and no unresolved restatement before hard lock.

• Year-end

  All quarters locked, schedules complete, retained earnings rolled forward, audit package produced.

• Cross-month adjustment

  Inside an open quarter an approved prior-period adjustment restates a soft-closed month visibly; after a hard lock, the correction posts to the current open period with a reference.

Period stages

1. Open: Routine entry for the period. Pre-journal fills up and is worked daily.
2. Month soft close: Closed for routine entry once the checklist is complete and no pre-journal item is left unapproved. Not locked.
3. Prior-period adjustment: Inside the same open quarter, an authorized approver may still post into a soft-closed month with a reason. The month is restated visibly, never silently.
4. Quarter hard lock: Applied only when the quarter is final and no month has open pre-journal or unresolved restatement. Nothing further may post.
5. Year hard lock: All four quarters locked, schedules complete, retained earnings rolled forward, audit package produced.

Planned close write controls (not deployed)

These missing write contracts do not indicate a failure of the live accounting-period and close-readiness read connection. No close commands are sent from this screen.

• GET /v1/accounting-periods/{id}/checklist — Close checklist items, owners and evidence
• POST /v1/accounting-periods/{id}/soft-close — Month closed for routine entry — not locked
• POST /v1/accounting-periods/{id}/lock — Hard lock a quarter or year; rejects any later posting
• POST /v1/accounting-periods/{id}/prior-period-adjustment — Approved entry into a soft-closed month of an open quarter
• GET /v1/accounting-periods/{id}/restatements — Entries posted into the period since soft close
• POST /v1/accounting-periods/{id}/reopen — Audited reopen with reason