Quick Period Close
If the user role has the period closing management and the allow quick close of Accounting preference is enabled, you can close one or more accounting periods with a sing click.
With quick close, NetSuite marks complete all reopened accounting periods, eliminating the requirement to close them one by one.
Example:- If I want to close the accounting period till September 2020, just need to close September month only. Automatically January to December 2020 will be closed.
Navigation|
Set up > company > Accounting > Accounting Preferences
Under the General Ledger subtab, check the box of ” Allow quick close of accounting period “.
How will make changes to locked & closed periods
Users with the “Override Period Restrictions permission” can add and edit posting transactions even if the transaction type has been locked for a period. To allow other users to add or edit posting transactions, transactions must be unlocked for a period.