FloQast performs an automatic Refresh each night at midnight for the Current Close Period.
The "Current Close Period" is always considered month -1. For example, the October period in FloQast will be refreshed for the duration of the calendar month of November. When the calendar flips to December, FloQast will begin automatically Refreshing the November period each night.
FloQast users are always welcome to press the Refresh button when desired, whether that is in the current close period or a historical period. The nightly refresh is performed as a courtesy to ensure you have the latest and greatest balances from the GL and from your Excel files when you first log in to FloQast each morning.
This Refresh is performed for all of your entities, and will run at midnight based on the timezone specified in your Admin Settings > Entities > Timezone
If any reconciliations go out-of-balance when the nightly refresh runs, the preparers/reviewers/admins will receive a notification about the affected account(s) if they subscribe to Reconciliation Emails.