For property managers and accountants, controlling when a period is closed is critical as it prevents new data from coming in and protects the accuracy of finalized statements. Clearing's new Lock Periods feature makes this simple. You can create a lock for any date range and review lock status for your transactions and bookings.
Go to Reporting → Allocation Reports → All Allocations → click Lock Periods.
Click the + icon to create a new period for the cycle you are working on (ex 03/01/2026 - 03/31/2026).
By default, the period created will be inactive and the status will be "Paused". When the status is "Paused" this allows new transactions and bookings to be created in the selected date range. This includes manual creation of bookings or transactions, as well as automatic syncing of bookings from your PMS and new transactions from your bank or credit cards.
Once the period is complete, change the status from "Paused" to "On Going" to lock it. This will prevent any new transactions or bookings from being manually created, and bookings or transactions will no longer sync or update from your PMS or bank for that date range.
You can also easily lock or unlock all reservations and transactions in each lock period. You can also review a few important data points to ensure that you are not missing anything for that period, such as reservations that are not in statements, and bookings without commission. You can click on each number to review the underlying list.