Soft Close vs. Final Close

What is the difference between soft close and final close?

Soft Close
  • The status of the contract is set to Soft Close. The job associated with the contract will also change to Soft Close.
  • If posting to jobs with a soft close status is allowed (JC Company Parameters > Info tab > Allow posting to soft-closed jobs box), any costs posted to the contract/job will update the "open" GL accounts associated with the department on each contract item (JC Contracts > Items tab> Department field). If the Allow Posting to soft-closed jobs option is not checked, you cannot post to the contract/job.
Final Close
  • The status of the contract is set to Final Close. The job associated with the contract will also change to Final Close.
  • If posting to final closed jobs is allowed (JC Company Parameters > Info tab >Allow posting to hard-closed jobs box), any costs posted to the contract/job will update the "closed" GL accounts associated with the department on each contract item (JC Contracts > Items tab > Department field). If the Allow Posting to hard-closed jobs option is not checked, you cannot post to the contract/job.
  • If closing a job including any unprocessed purchase orders or subcontracts is allowed (JC Company Parameters > Info tab > Close Purchase Orders when Job Hard-Closed and Close Subcontracts when Job Hard-Closed), the system will ask you to confirm closure of the subcontracts or purchase orders before hard-closing the job. Open purchase orders and open subcontracts are listed on the JC Contract Close form's Open PO's and Open SL's tabs, respectively.
  • If the GL Close Interface (JC Company Parameters>GL Close tab) is set to summary or detail, all existing detail will be moved from the open accounts to the closed accounts.
  • If the GL Close Interface (JC Company Parameters>GL Close tab) is set to summary or detail, the status can only be changed to Soft Close or Open (in JC Contracts) if no cost or revenue detail exists for the contract.