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JC Contract Close

The JC Contract Close process is used to transition contracts to a soft close or final close state. This is for no new costs or billings are posted to completed contracts, thereby maintaining accurate financial records and facilitating year-end financial processes.

Before you start​

  • Ensure all costs and billings are finalized for the contract.
  • Verify that the contract is ready for closure with no pending transactions.

Steps​

  1. Open theJC Contract Closeform.
  2. Select the contract you wish to close.
  3. Choose between a soft close or a final close state.
  4. Ensure no new costs or billings are pending for the contract.
  5. Post the batch to update the contract status to either soft closed or final closed.
  6. Verify that the month closed value on the JC contracts form matches your batch month.

Notes​

  • Final closed contracts cannot be reopened through standard Vista processes; reopening requires SQL intervention.
  • Ensure the batch month is correct, especially if closing as of a specific month like December.