Lock date explanation

Hello all ,
this years is going to end very soon on 31-12-2022.
now i Have to lock the financial year on that mentioned day but how that will effect on my balances ?
i see there is no effect at all
also what about the ending year on 31-12-2023…how i can lock it if i have only 1 lock year option ??


Why do you expect any effect on your balances?

It is not a lock year, it is a lock date. Everything on or before that date is locked. The Guide @eko linked explains why you should not look at your accounting records in Manager year by year.