Financial controls
Close the financial year and protect audited periods
CashyNest closes income and expense accounts into retained earnings, locks completed years, and supports documented prior-period adjustments.
Closed reports stay protected.
Reopening creates a clean close recalculation path.
Post-audit corrections can be documented in the current year.
Workflow
How teams usually use it
These pages focus on the capabilities inside the accounting app itself, not internal operations or onboarding constraints.
Review income, expense, and retained earnings impact.
Close the eligible completed financial year.
Reopen only when approved, or post a prior-period adjustment after audit.
Built for real close discipline
Year-end close is not just a report export. CashyNest treats it as a controlled accounting event with a system journal and period lock.
Income and expense balances are closed into retained earnings.
Closed periods are protected from casual edits.
The latest closed year can be reopened for approved corrections.
Supports post-audit reality
If a prior issue is discovered after audit, teams can make a current-year prior-period adjustment instead of silently rewriting the locked year.
Use balanced multi-line adjustment journals.
Keep narration, reference, and approval context.
Preserve the integrity of audited history.
Keep learning
Read the operational guide for year-end close.
The docs app includes setup sequence, controls, mistakes to avoid, and practical workflow guidance for this area.