What does Xero allow you to do with locked accounts?

In Xero, locked accounts serve a specific purpose that directly affects how users interact with them. Locked accounts are typically accounts that have been marked as final and are no longer open for general transactions to maintain data integrity. This means that while you cannot make any transactions against these accounts, such as creating invoices or entering payments, they remain accessible for specific administrative functions.

Editing account names and codes is permitted because it allows for changes to be made in the system without disrupting the historical transactions that have already been locked in place. This flexibility is crucial for maintaining accurate and up-to-date information within the chart of accounts, especially when businesses undergo rebranding or restructuring. However, it is important to note that the core function of the locked accounts — preventing new transactions — remains in place to protect the integrity of the accounting records.

Choosing to delete locked accounts or only use them for reporting purposes is not an option in Xero, as locked accounts are fundamental to maintaining transparency and accuracy in financial reporting. Thus, the capability to edit account names and codes stands out as the correct action that can be taken with locked accounts.