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

FY2022

Fiscal Year 2021 Planned Close Date Actual Close Date
June (year-end close) TBD TBD
May June 6, 2022  
April May 5, 2022  
March April 6, 2022  
February March 4, 2022  
January February 4, 2022  
December January 6, 2022  
November December 6, 2021  
October November 4, 2021  
September October 6, 2021  
August September 7, 2021  
July August 5, 2021  

FY2021

Fiscal Year 2021 Planned Close Date Actual Close Date
June (year-end close) July 20, 2021 July 20, 2021
May June 4, 2021 June 4, 2021
April May 6, 2021 May 6, 2021
March April 6, 2021 April 6, 2021
February March 4, 2021 March 4, 2021
January February 4, 2021 February 4, 2021
December January 7, 2021 January 7, 2021
November December 4, 2020 December 4, 2020
October November 5, 2020 November 5, 2020
September October 6, 2020 October 6, 2020
August September 4, 2020 September 4, 2020
July August 6, 2020 August 6, 2020