Overview: Close Month.

Keep your reports and dashboards up to date by automatically referencing your accounting close month.

To display the most up-to-date data in reports and dashboards, configure them to show a dynamic, relative date range. Choose between a calendar month or a close month as the reference point. Selecting the close month option ensures that users only see actuals for the latest closed month, even if it is a new calendar month. For example, on November 1st, reports and dashboards will not automatically display October actuals unless it has been closed.

Jirav can either read the close month field in your accounting system set during the monthly accounting close process or you can set it manually in Jirav.

This article includes an overview of the following areas related to Close Month:

• Setting the Close Month
• Close Month in Dashboards
• Close Month in Reports

Setting the Close Month

To set the Close Month, take the following steps:

1. Navigate to Settings ⚙️ > Company
2. Locate the CLOSE MONTH field in the Accounting section
3. Choose one of the following:
   • Accounting System Close Month
     • Inherited from your accounting system
     • The name of the selection box will depend on the accounting system you are using, i.e., Quickbooks, NetSuite, Intacct or Xero
     • The Year and Month from the accounting system will display as read only

• • Specific Month 
    • Set manually within Jirav
    • The Year and Month can be adjusted as needed 

Dashboard Tiles and Close Month

There are two ways to reference Close Month in Dashboard Tiles:

• RANGE
  Range determines what time periods are displayed within the tile. Choose from references relative to Calendar or Close Month. 
  
• SHOW ACTUALS UNTIL
  Show Actuals Until determines if all actuals that have been imported should be displayed or just actuals up until the close month. This setting is best to use when a Tile is showing Budget vs Actual data as it prevents users from seeing Actual data from incomplete months.
  For example, in the screenshots below there are Actuals imported to August 2023, but the close month is July 2023. Show Actuals Until Max displays August 2023 Actuals whereas Show Actuals Until Close Month only displays the Actuals through July 2023. 

Reports and Close Month

Set Reports to show data relative to the Close Month: 

• Report Period
  Report Period determines what time periods are displayed within the tile. Choose from references relative to Calendar or Close Month.