NetClose - Generate Flux Scenario(s)

Overview

To perform a flux analysis, a flux scenario must first be generated. This article outlines the steps for generating a single flux scenario or multiple scenarios at once.

Step-by-Step Process

Generate a Single Flux Scenario

Navigate to NetClose > Flux Analysis > Generate Flux.

Primary Information

If a saved source scenario exists, it will appear in the "Source Scenario" field. You can select the saved scenario, and the flux criteria will automatically populate based on the pre-defined settings. 

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If no relevant source scenario is available, manually complete the required fields.

• Subsidiary (required)
• Flux Grouping (required)
  • Accounts and Groups: Generates both a consolidated analysis by group, and individual analysis by account.
  • Accounts Only: Generates an individual analysis by account.
  • Groups Only: Generates a consolidated analysis by group.
• Flux Account Types (required)
• Additional Segment Type: if desired, the flux may be generated by segment.

• Accounting Book(s)

  • If left empty, the analysis will default to the Primary Book. If an Adjustment Book is selected, then the flux analysis will be run for only the specific adjustments in that book. If the "Combine Adjustment Books" is enabled, then the adjustments in the Adjustment Book will be combined with the other book selected.  View full size

Flux Dates

• Select a current period and comparison period. Additionally, a budget category can be chosen for comparison. View full size

Team

• Preparer
• Reviewer(s)

Thresholds

• Thresholds can be identified to determine which accounts require an explanation. Any accounts with a change larger than the threshold will require an explanation.  
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• The "Or" checkboxes indicate that if thresholds for both amount and percentage are set for the balance sheet or income statement, NetClose will trigger a required explanation for the account if either threshold is met. If these checkboxes are not selected, NetClose will require an explanation only if both thresholds are met. View full size

• The "Large Transaction Threshold" allows for setting a threshold for individual transactions. Transactions exceeding this threshold will appear in the flux analysis, potentially accounting for a significant portion of the change in the account balance. This helps identify the transactions responsible for the fluctuations.  View full size

AI Explanation

• If AI Flux Explanations are enabled in the system setup, the "AI Explanation" section allows users to configure whether the system should copy the AI explanation to the primary explanation, generate an AI explanation when a primary explanation is not required, and provide additional AI context to assist in generating the explanations.

View full size Click Submit to generate the flux analysis based on the provided information.

To view the newly generated scenario, navigate to NetClose > Flux Analysis > Review Flux Analysis.

Generating Multiple Flux Scenarios at Once

Navigate to NetClose > Close Management > Generate Flux Analysis From Scenarios.

There are filters to help the user pull up the correct scenarios that they would like to generate. 

Under the "Period Information", the user will specify the "Current" and "Comparison" Periods they need to run for the flux scenarios. 

Then they will select all scenarios that need to be generated and select "Submit". 

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In order to avoid duplicates, if a specific scenario has already been run for the Current and Comparison period selected or if two scenarios that are selected would generate the same records, the system will notify the user by highlighting the scenarios in red. 

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The user will need to de-select the scenarios highlighted in red and only generate the blue.

To view the newly generated scenarios, navigate to NetClose > Flux Analysis > Review Flux Analysis.

Using Relative Start Dates

Flux scenarios can be configured with a "Relative Start" so that their date ranges adjust automatically based on the selected current period. Instead of manually setting fixed start and end dates, the system calculates the appropriate range using your fiscal calendar.

The following Relative Start options are available:

• Year-to-Date (YTD) – Starts from the first day of the fiscal year through the end of the current period
• Trailing 12 Months (T12M) – The 12 complete months ending with the current period
• Trailing 6 Months (T6M) – The 6 complete months ending with the current period
• Trailing 3 Months (T3M) – The 3 complete months ending with the current period

For example, if the current period is September 2025 and "Trailing 12 Months" is selected, the system will automatically calculate the range as October 1, 2024 through September 30, 2025.

To use a Relative Start, select the desired option in the "Relative Start" field on the flux scenario. The system will determine the correct periods at runtime based on your accounting calendar.

Key Considerations:

• When using a Relative Start, both the current and comparison periods must be posting periods. Non-posting periods (such as adjustment periods) will trigger an error.
• The "Trending Periods" filter on the Review Flux Analysis page is disabled for scenarios using a Relative Start, since the relative rule already defines the date range.