Close fiscal periods in NXT

Tracy Wilkerson
Tracy Wilkerson
First Anniversary
in Blackbaud Financial Edge NXT® General Discussions

Hello,

How does one close a fiscal period and fiscal year in NXT? I have read some posts that reference “hard close”, “soft close” and “mock close”, but no instructions or explanations of the differences of the different types of closes anywhere. Any help would be appreciated. Thanks. :)

Comments

  • Nikki Baldwin
    Nikki Baldwin Blackbaud Employee
    Tenth Anniversary Kudos 4 Name Dropper Participant

    @Tracy Wilkerson, you can soft close the periods by selecting General Ledger > Settings > Fiscal Years > and toggle the status on the appropriate period. Currently hard closing is unavailable but all of your reports will still report their correct balances until that option becomes available. Here is a knowledgebase solution with more information on that:


Categories