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Soft Close Vs Hard Close

Former Member
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Hi All

I'm looking for documentation that explains me Soft and Hard close. And also the supporting points explaining the difference between soft and hard.

Thanks a lot in advance.

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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I assume that this is in context to Fixed asset posting periods.

Lets say your fiscal year is V3. Apr-Mar

If you are in April you will not be able to see the reports opf assets unless you open next Asset period in AJRW. This is soft close of asset fiscal year closing.

At this stage you can still post to the previous year and reconcile and adjust the assets.

Whne you do Hard close AJAB you are telling the system that all your adjustments are over and the reconciliation are over.

At this stage the system willnot allow anypoostings to previous year.

Hope you have uinderstood.

reward f useful.

sarma

Answers (0)