There are several difference between Soft and Hard Closed Contracts/Jobs.
Soft Closed
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 Contract Master> Items tab> Department field). If the Allow Posting to soft-closed jobs option is not checked, you cannot post costs or billed amounts to the contract/job.
You can still receive payments in AR and you can still release retainage of existing bills in JB or AR.
Hard Closed
The status of the contract is set to Hard Close. The job associated with the contract will also change to Hard (Final) Close.
- Hard Closing a job will not effect the ability to receive payments on an invoice in AR or to release retainage on existing bills in JB or AR.
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 Contract Master> Items tab> Department field). If the Allow Posting to hard-closed jobs option is not checked, you cannot post to the contract/job.
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 Contract Master) if no cost or revenue detail exists for the contract.
NOTE: Users may have to use F4 Lookup in the Project/Job or Contract field and select the "All Jobs" radio button on the pop-up window, rather than "Open/Pending Jobs" to be able to view closed jobs.
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