Soft Closed:
Contract and job status is set to Soft Close.
If Allow posting to soft-closed jobs is enabled (JC Company Parameters > Info tab), costs posted will update the open GL accounts for each contract item. If not enabled, posting costs or billed amounts is not allowed.
You can still receive payments in AR and release retainage on existing bills.
Hard Closed:
Contract and job status is set to Hard (Final) Close.
If Allow posting to hard-closed jobs is enabled, costs posted will update the closed GL accounts for each contract item. If not enabled, posting is not allowed.
Receiving payments and releasing retainage on existing bills is still allowed.
If the GL Close Interface is set to summary or detail, all existing detail moves from open to closed accounts.
Status can only be changed back to Soft Close or Open if no cost or revenue detail exists for the contract.
Note: To view closed jobs, use F4 Lookup in the Project/Job or Contract field and select “All Jobs” instead of “Open/Pending Jobs.”
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