SOFT CLOSE Definition

Bookmark and Share

SOFT CLOSE, in accounting, is when journal entries may be allowed to periods previously considered closed with the confidence that you can create corrected financial statements and that balances brought forward are corrected; in securities, is when a fund will no longer accept new investors into the fund, however existing shareholders can continue to contribute.

Learn new Accounting Terms

INFLATION ACCOUNTING is a system of accounting which, unlike historical cost accounting, takes into account changing prices.

ORDINARY INCOME is the income derived from the regular operating activities of a business or individual, but exclusive of capital gains. Net income from a business, along with personal wages, interest, and dividends are examples of ordinary income.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.