A well-executed accounting close is much more than a formal exercise – it is a key factor in the technical performance and stability of XENTIS. Many processes and evaluations within the software rely on data calculated by the accounting core. To ensure that calculations are accurate, the accounting core reviews all transactions since the last closing and processes them according to the integrated business logic.

However, if the accounting is not completed until years after the end of the actual period, this means that XENTIS has to reprocess unnecessarily large amounts of data over long periods of time. The consequences are noticeable – and avoidable:

• Slowdown of the accounting module: The further back the last closing is, the longer calculations and evaluations take.
• Increased resource consumption: Memory usage and database queries increase significantly without adding any technical value.
• Impaired user experience due to long waiting times and sluggish processes

Our recommendation: Close your accounting periods in XENTIS as promptly as possible. This will keep performance high, minimise resource consumption and ensure smooth workflows – for your users and for the overall quality of your investment processes. For additional support, XENTIS is integrating a two-stage checking mechanism for overdue closings directly into the settlement cycle in a new release.

WARNING phase

• Users are informed that a closing is overdue
• All accounting functions remain available
• The WARNING phase begins for the default accounting type after the double accounting period, and for the non-default accounting types after the triple accounting period plus one year

ERROR phase

• After a 90-day grace period, all accounting-related functions will be blocked
• These can only be used again after the relevant period has been closed

With this extension, XENTIS ensures that accounting periods do not remain open indefinitely – and that the technical performance of the platform is maintained in the long term.

Timely accounting closings are not an additional bureaucratic burden, but an investment in performance, stability and user satisfaction. Support your teams and XENTIS by closing your periods on time – for smooth investment operations.