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

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  
January February 6, 2023  
December January 6, 2023  
November 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