The present disclosure describes computer-implemented systems and methods for improved efficiency of closed month accounting procedures. More particularly, systems and methods can reduce system queries pertaining to a closed month by utilizing time-based locks, hereinafter “leases,” when preparing entries for the closed month. When a month begins to close, it is provided with a lease and an expiration time of the lease. During the lease, a user can commit entries to the closing month without creating data errors.
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Wang, Shanchi; Chen, Xin; Jagannathan, L; Li, Yuan; Huang, Vivi; and Shen, Chuanqi, "Optimizing Closed Month Accounting by Utilizing Leases on Data Access and Editing", Technical Disclosure Commons, (September 14, 2022)