Month-End Close

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

FY2021

Fiscal Year 2021 Planned Close Date Actual Close Date
June (year-end close) TBD TBD
May June 4, 2021  
April May 6, 2021  
March April 6, 2021  
February March 4, 2021  
January February 4, 2021  
December January 6, 2021  
November December 4, 2020  
October November 5, 2020  
September October 6, 2020  
August September 4, 2020  
July August 6, 2020 August 6, 2020

FY2020

Fiscal Year 2020 Planned Close Date Actual Close Date
June (year-end close) July 20, 2020 July 20, 2020
May June 4, 2020 June 4, 2020
April May 6, 2020 May 6, 2020
March April 6, 2020 April 6, 2020
February March 5, 2020 March 5, 2020
January February 6, 2020 February 6, 2020
December January 7, 2020 January 7, 2020
November December 5, 2019 December 5, 2019
October November 6, 2019 November 6, 2019
September October 4, 2019 October 4, 2019
August September 6, 2019 September 6, 2019
July August 6, 2019 August 6, 2019