Month-end close refers to the date that:
- Financial activity (e.g., transaction processing, journals, etc.) concludes for an accounting period.
- Reporting environments (e.g., FINOPS, U-M Data Warehouse, and M-Reports) will be updated with the latest financial data for an accounting period. These environments are refreshed overnight and available the following day.
Month-end close occurs on the fourth (4th) business day of the subsequent month, except for June. June activity closes later in July due to additional fiscal year-end processes.
To receive an email alert when an accounting period closes, join the monthendclosenotification email group. (How to Join)
Learn more about the reports available to help you reconcile your unit's monthly activity.
Close Dates
FY2023
| Fiscal Year 2023 | Planned Close Date | Actual Close Date |
|---|---|---|
| June (year-end close) | TBD | |
| May | June 6, 2023 | |
| April | May 4, 2023 | |
| March | April 6, 2023 | |
| February | March 6, 2023 | March 6, 2023 |
| January | February 6, 2023 | February 6, 2023 |
| December | January 6, 2023 | January 6, 2023 |
| November | December 6, 2022 | December 6, 2022 |
| October | November 4, 2022 | November 4, 2022 |
| September | October 6, 2022 | October 6, 2022 |
| August | September 7, 2022 | September 7, 2022 |
| July | August 4, 2022 | August 4, 2022 |
FY2022
| Fiscal Year 2022 | Planned Close Date | Actual Close Date |
|---|---|---|
| June (year-end close) | July 20, 2022 | July 20, 2022 |
| May | June 6, 2022 | June 6, 2022 |
| April | May 5, 2022 | May 5, 2022 |
| March | April 6, 2022 | April 6, 2022 |
| February | March 4, 2022 | March 4, 2022 |
| January | February 4, 2022 | February 4, 2022 |
| December | January 6, 2022 | January 6, 2022 |
| November | December 6, 2021 | December 6, 2021 |
| October | November 4, 2021 | November 4, 2021 |
| September | October 6, 2021 | October 6, 2021 |
| August | September 7, 2021 | September 7, 2021 |
| July | August 5, 2021 | August 5, 2021 |