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

FY2020

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

FY2019

Fiscal Year 2019 Planned Close Date Actual Close Date
June (year-end close) July 18, 2019  
May June 6, 2019 June 7, 2019
April May 6, 2019 May 6, 2019
March April 4, 2019 April 4, 2019
February March 6, 2019 March 6, 2019
January February 6, 2019 February 6, 2019
December January 7, 2019 January 7, 2019
November December 6, 2018 December 6, 2018
October November 6, 2018 November 6, 2018
September October 4, 2018 October 4, 2018
August September 7, 2018 September 7, 2018
July August 6, 2018 August 6, 2018