Campfire prevents changes to closed accounting periods by enforcing strict lock controls once the close is complete. After approval, no new transactions, journal entries, or adjustments can be posted to that period. This protects the integrity of reported figures and ensures financial statements remain consistent through audit and reporting. By removing the risk of post-close changes, finance teams can rely on the accuracy of their finalised numbers.
Campfire allows period locks to be applied at a detailed level, including by sub-ledger, entity, or module. This means different parts of the business can close on their own timelines while maintaining control over what remains open. For example, accounts payable can be locked while other areas are still finalised, or one entity can close ahead of others. This flexibility supports complex close processes without reducing control over financial data.
Campfire supports controlled override workflows for situations where post-close adjustments are required. Any request to reopen a period must go through approval, with clear justification and authorisation steps. All changes are logged, including who requested and approved the override, what was updated, and when the period was locked again. This ensures that even exceptions are handled with full transparency, maintaining strong audit trails and internal control.
Why Campfire Stands Out
