What are two benefits of using the Close Books feature?

The Close Books feature is a valuable tool within accounting software that enhances the integrity and accuracy of financial data after a specified period has been finalized. One of the key benefits of this feature is its ability to maintain a clear audit trail of any changes that occur after the closing date. This is crucial for financial reporting and compliance, as it allows users to review modifications and understand when and why changes happened post-closing.

By having this tracking capability, organizations can ensure that their financial records remain reliable and can provide transparency during audits or reviews. This ability to monitor changes fosters accountability among users who might need to access the closed periods for reference or adjustment purposes, without undermining the closed period's financial integrity.

In contrast, the other options do not effectively capture the essence of the purpose of the Close Books feature. The option related to changing locked transactions undermines the rationale behind closing the books, which is to prevent alterations post-closure for record-keeping purposes. Creating new periods is not directly related to the closing feature, and preventing changes in a closed period is somewhat accurate, but it doesn't highlight the benefit of tracking changes that the correct answer does.