# FX rate changes possible after entering Lock date

**URL:** <https://forum.manager.io/t/fx-rate-changes-possible-after-entering-lock-date/39927>\
**Category:** Uncategorized\
**Created:** [February 28, 2022, 11:38am UTC](https://forum.manager.io/t/fx-rate-changes-possible-after-entering-lock-date/39927 "2022-02-28T11:38:26Z")\
**Posts on this page:** 1\
**Showing post:** 4

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**Author:** ![Tut](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/tut/32/3286_2.png) [@Tut](https://forum.manager.io/u/Tut)\
**Post date:** [February 28, 2022, 9:27pm UTC](https://forum.manager.io/t/fx-rate-changes-possible-after-entering-lock-date/39927/4 "2022-02-28T21:27:22Z")

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I take a different viewpoint, @eko. While you are right in one way that exchange rates are not directly part of the financial transactions, they have a very signifiant impact. In particular, when a transaction is posted to a receivable or payable in a foreign currency from a cash or bank account in the same currency, _Accounts receivable_ and _Accounts payable_ balances depend on the exchange rates. If those exchange rates are later changed, all reports that depend on them change.

It does not seem like good practice to me to allow financial statements from locked periods to be altered. In fact, @lubos’ exact words on this topic were:

> [@Urgent - Lock Date Not Working](https://forum.manager.io/t/urgent-lock-date-not-working/39120/10):
>
> `Lock date` prevents changes that would have material impact on your financial statements.

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