# Close a company period

**For:** Admin
**You'll need:** A started period and a target period to carry balances into.

You'll close a period, compute carry-overs into the next period, create next-period grants, and lock all time entries in the closed range.

## Close the period

1. Go to **Company → Periods** in the left sidebar.
2. Open the period.
3. Click **'Close period'**.
4. In the **'Close period?'** dialog, open the **'Carry into'** dropdown and pick the next period.
5. Click **'Close period'**.

{{ app_name }} runs three actions:

- Computes carry-over leave balances per the policy rules.
- Creates next-period leave grants.
- Locks every time entry whose date falls in the closed range.

```{warning}
Closing a period locks time entries inside it. Once locked, time entries cannot be edited without reopening the period. Run your payroll exports first.
```

## Verify it worked

The period's status badge flips to **'Closed'**. Open the next period — you'll see the carry-over and grant transactions on each employee's leave ledger.

## Related

- {doc}`start-a-company-period`
- {doc}`create-a-company-period`
- {doc}`/plan-schedules/shifts/lifecycle`