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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This work is licensed under a Creative Commons Attribution 4.0 License.