Month End Close - General Process

Accounts Receivable and Accounts Payable will close on the second business day following the calendar month-end and the General Ledger (GL) will close on the third business day following the calendar month-end.

There are some exceptions throughout the year:
December - some delays are expected due to Winter Holiday Break
April - University Fiscal Year End - see Year End Cutoff Dates and Procedures

These dates reflect when the close will actually happen. Departments are required to forward transactions to Finance in advance of these dates in order to be included in the appropriate reporting period. Remote Journal Entries may be input up to noon on the date of the GL close. Please ensure that the correct GL date is on the entry as the system will default to the current date.