What We'll Cover

  • Introduction to Financial Close Key Concepts

    Understand what Financial Close is, why it is important to organizations, and take a closer look at key terms we will use throughout this course

  • Tracking Period Close

    Describe the elements of a Tracking Period in Kantata, the inputs into Tracking Period Close, and how to execute a smooth close process

  • Forecast Period Close

    Describe the elements of a Forecast Period in Kantata, how to execute the close process, and review best practices for monthly and year end maintenance

Course Description

Expected Duration: Approximately 2 hours

Financial Close is a course focused on executing successful week- and month-end operational processes in Kantata to support efficient billing and financial reporting.


In this course, we will review the importance of maintaining a strong Financial Close process, along with required activities and best practices to ensure a smooth close process.  We will also cover the inputs to Tracking and Forecasting Period close as well as blockers to closing periods and how to resolve them.


This course provides guidance to work through the processes and features used by teams in an organization.  In addition to the readings, resources, and demo videos, this course also includes hands-on labs and activities. 

Course curriculum

  • 1
    Module 1: Key Concepts and Navigation
  • 2
    Module 2: Tracking Period Close
  • 3
    Module 3: Financial Period Close
  • Course Overview & Learning Goals Interacting With Your Course Module 1: Introduction Scenario: Meet the Team Reading: What is Financial Close and Why is it Important? Reading: Introduction to Period Management Reading: Key Concepts: Usage Behavior Rules Scenario: Operational Management Reading: Operational Management Overview Demo: Utilizing Operational Management to Facilitate Financial Close Reading: Period Management Navigation Knowledge Check: Key Concepts & Operational Management
  • Module 2: Tracking Period Close Scenario: The Importance of Timesheet Completion Reading: Timesheet Completion Demo: Closing Timesheet Completion Reading: Incomplete Timesheets Knowledge Check: Tracking Period Close & Timesheet Completion Reading: Timesheets in Progress Demo: Closing Timesheets in Progress Reading: Timesheet Notifications Reading: Resolving Timesheets in Progress Items Scenario: Forecast Remaining (Active and Unactivated) Demo: Common Blockers - Resolving a Preserve Usage Alert Reading: Forecast Remaining Summary Reading: Delivery Date Behavior Rules Demo: Utilizing Delivery Date Behaviour Rules to Automate Proposal Reforecasting Reading: Low Touch Assignment Management Reading: Resolving Unforecast Usage Demo: Resolving Unforecast Usage Remaining Reading: Locking Time and Expense Entry Knowledge Check: Timesheets in Progress and Forecast Remaining Activity: Resolving Items in Tracking Period Close
  • Module 3: Financial Period Close Scenario: Preparing to Close Reading: Period Close Readiness Dashboard Reading: Uncommitted Revenue Demo: Closing Uncommitted Revenues Scenario: Unrecognised Revenues & Costs Demo: Closing Unrecognised Revenues and Costs Reading: Unrecognized Revenue Recognition Milestones Demo: Resolving Revenue Recognition Milestones Reading: Unrecognised Costs Reading: Unplanned Revenue Demo: Resolving Unplanned Revenue Alerts Reading: Unplanned Revenue Summary Knowledge Check: Uncommitted and Unrecognised Revenues & Costs Scenario: Time Adjustments Reading: Managing Time Adjustments Reading: Reviewing Period Revenues and Period Costs Reading: Financial Period Close Best Practices Reading: Recommended Reports to Support Financial Close Knowledge Check: Unrecognised Costs and Period Revenues and Costs Activity: Resolving Items in Forecasting Period Close Survey: Course Feedback Course Completion