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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., FINODS, 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)

Close Dates

FY2016

Fiscal Year 2016 Planned Close Date Actual Close Date
June (year-end close) TBD
May June 6, 2016
April May 5, 2016
March April 6, 2016
February March 4, 2016
January February 4, 2016
December January 7, 2016
November December 4, 2015
October November 5, 2015
September October 6, 2015
August September 4, 2015
July August 6, 2015

FY2015

Fiscal Year 2014 Planned Close Date Actual Close Date
June (year-end close) July 20, 2015
May June 4, 2015 June 4, 2015
April May 6, 2015 May 6, 2015
March April 6, 2015 April 6, 2015
February March 5, 2015 March 5, 2015
January February 5, 2015 February 5, 2015
December January 7, 2015 January 7, 2015
November December 4, 2014 December 4, 2014
October November 6, 2014 November 6, 2014
September October 6, 2014 October 6, 2014
August September 5, 2014 September 5, 2014
July August 6, 2014 August 6, 2014