What is the effect of using the Lock All feature in NetSuite?

The Lock All feature in NetSuite plays a crucial role in maintaining the integrity of financial data by preventing discrepancies that could arise from unauthorized changes after a certain point in time. When this feature is activated, it effectively halts any posting of transactions not just to Accounts Payable (AP) and Accounts Receivable (AR), but also to General Ledger (GL) accounts.

This ensures that all financial activity is locked down and protected, which is particularly important during critical periods such as financial closes or audits. By utilizing the Lock All feature, organizations can ensure that once the financial data is finalized for a specific period, it cannot be altered, thus preserving the accuracy of financial reporting.

In contrast, the other options suggest limited applications or scope regarding which accounts or types of transactions are impacted by the Lock All feature, which does not align with its comprehensive purpose. By focusing solely on the prevention of postings across all relevant accounts, the Lock All feature establishes a robust safeguard against unintended modifications to financial records.