Review company preferences and walk through the year-end close checklist.
This tutorial covers two screens that don't fit neatly into a single workflow the way procurement or sales do, but both matter: the switches that change how the rest of the app behaves, and the checklist that closes out a financial year for good.
This is the single preference every earlier tutorial in the sales cycle referenced without fully explaining: off by default, it blocks a sale or delivery that would take an item's quantity on hand below zero. Turning it on lets those transactions go through anyway, with the shortfall shown as a warning rather than a hard stop — useful for businesses that sell against stock still in transit, less useful if you rely on the block to catch genuine inventory mistakes.
The Close Cockpit is a checklist, not a single button: trial balance balanced, no draft or unvalidated transactions sitting around, and cash/bank accounts reconciled. Every item has to be true before closing makes sense, because closing is meant to be final — it locks the period so past numbers can't shift under a report you've already filed or handed to an auditor.
On Business-tier plans, the same screen also offers a signed audit-bundle checkpoint — a cryptographically sealed snapshot of the ledger up to that point, meant for exactly the moment an auditor asks whether anything's been altered since.