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

FY2024

Fiscal Year 2024 Planned Close Date Actual Close Date
June (year-end close) TBD  
May June 6, 2024  
April May 6, 2024  
March April 4, 2024  
February March 6, 2024  
January February 6, 2024  
December January 5, 2024  
November December 6, 2023  
October November 6, 2023  
September October 5, 2023  
August September 7, 2023 September 7, 2023
July August 4, 2023 August 4, 2023

FY2023

Fiscal Year 2023 Planned Close Date Actual Close Date
June (year-end close) July 20, 2023 July 20, 2023
May June 6, 2023 June 6, 2023
April May 4, 2023 May 4, 2023
March April 6, 2023 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