No. Once a fiscal month is closed, cost, billing, revenue, and actual hours for that period are locked and cannot be edited or recalculated.
If changes are required after closing, the system records the financial impact as an adjustment in an open fiscal period, without modifying the closed data.
Late timesheets do not change the closed fiscal month.
Instead, any additional cost, billing, or revenue is posted as an adjustment in the next open fiscal month, preserving auditability.
No. Closing a fiscal month only locks data within that specific period.
Future fiscal months remain open and fully editable.
Yes. Update Forecast can still be run after a month is closed.
However, it will not change locked actuals, cost, billing, or revenue in the closed period. Any impact will be reflected in open periods only.
Yes, if you have the required permissions.
Reopening a fiscal month unlocks the period and allows changes, but it should be done carefully, as it may affect financial reports and audit trails.
Yes. All adjustments created due to changes after a month is closed are tracked separately and provide a clear audit trail showing when and why the adjustment occurred.
Only users with the appropriate financial or administrative permissions can close or reopen a fiscal month. Other users have read-only access to closed periods.
No. Closing a fiscal month does not change invoices that have already been issued. Any corrections are handled through adjustments or future billing, according to your billing rules.