{"id":139921,"date":"2026-07-07T10:29:43","date_gmt":"2026-07-07T10:29:43","guid":{"rendered":"https:\/\/docs.daftra.com\/faq\/%d9%85%d8%a7-%d8%a7%d9%84%d9%81%d8%b1%d9%82-%d8%a8%d9%8a%d9%86-%d8%a7%d9%84%d9%81%d8%aa%d8%b1%d8%a7%d8%aa-%d8%a7%d9%84%d9%85%d9%8f%d8%ba%d9%84%d9%82%d8%a9-%d9%88%d8%a7%d9%84%d9%81%d8%aa%d8%b1\/"},"modified":"2026-07-07T12:14:29","modified_gmt":"2026-07-07T12:14:29","slug":"what-is-the-difference-between-closed-periods-and-financial-periods","status":"publish","type":"faq","link":"https:\/\/docs.daftra.com\/en\/faq\/what-is-the-difference-between-closed-periods-and-financial-periods\/","title":{"rendered":"What is the difference between &#8220;Closed Periods&#8221; and &#8220;Financial Periods&#8221;?"},"content":{"rendered":"<p class=\"font-claude-response-body break-words whitespace-normal\">\n<p class=\"font-claude-response-body break-words whitespace-normal\">The two features serve different purposes:<\/p>\n<ul class=\"[li_&amp;]:mb-0 [li_&amp;]:mt-1 [li_&amp;]:gap-1 [&amp;:not(:last-child)_ul]:pb-1 [&amp;:not(:last-child)_ol]:pb-1 list-disc flex flex-col gap-1 pl-8 mb-3\">\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\"><strong>Closed Periods:<\/strong> An accounting lock that prevents adding, editing, or deleting any transaction dated within the locked period, without generating any accounting entries. Its purpose is to protect data from modification after it has been reviewed.<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\"><strong>Closing a Financial Period:<\/strong> A full accounting close at the end of the period, which generates the three accounting entries (Profit &amp; Loss, Closing Balance, and Opening Balance) and opens a new financial period.<\/li>\n<\/ul>\n","protected":false},"author":17,"template":"","categories":[2109,2178,2108,10409],"tags":[],"class_list":["post-139921","faq","type-faq","status-publish","hentry","category-general-accounting","category-manage-stocktakings","category-accounting","category-financial-periods"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is the difference between &quot;Closed Periods&quot; and &quot;Financial Periods&quot;? - Daftra Knowledge Base<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/docs.daftra.com\/en\/faq\/what-is-the-difference-between-closed-periods-and-financial-periods\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is the difference between &quot;Closed Periods&quot; and &quot;Financial Periods&quot;? - Daftra Knowledge Base\" \/>\n<meta property=\"og:description\" content=\"The two features serve different purposes: Closed Periods: An accounting lock that prevents adding, editing, or deleting any transaction dated within the locked period, without generating any accounting entries. Its purpose is to protect data from modification after it has been reviewed. 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