Financial Services

Financial Services

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Month End Reporting Schedule

2020/21 General Ledger Month-End Schedule

Attention: All Account Holders

The month-end processing schedule for fiscal 2020/21 will be as follows:

Year-Month   Fiscal Accounting Period General Ledger Closing Date
2021-May 202201 2021-June-3
2021-June 202202 2021-July-8
2021-July 202203 2021-August-5
2021-August 202204 2021-September-3
2021-September 202205 2021-October-5
2021-October 202206 2021-November-3
2021-November 202207 2021-December-3
2021-December 202208 2022-January-5
2022-January 202209 2022-February-3
2022-February 202210 2022-March-3
2022-March 202211 2022-April-5
2022-April 202212 2022-May-4

*PLEASE NOTE : The General Ledger will be closed between 2 PM and 3 PM EST on the day listed above as the General Ledger Closing Date.

*PLEASE NOTE : Any paper journals that require processing by Financial Services, must be received in the Financial Services office no later than 3 business days prior to the month-end processing date listed above.

*PLEASE NOTE: In order for a journal entry to be included in the fiscal period as of the closing date, it must be approved, pass both edit checks (header status edit and budget checking edit where applicable), and be posted in PeopleSoft. Departments that are entering journal entries are responsible to review their journals the next day, after the overnight edit process has taken place, and ensure that the header status is “V” for “Valid”. If the journal entry involves research projects, three business days must be allowed for any budget errors to be corrected, in order for the journal entry to be posted by the closing date.

PLEASE NOTE: MONTHLY FINANCIAL REPORTING: Complete financial information will be reflected in financial reports (including research statements) generally 2 days after month-end close.

For further information regarding the above schedule, please contact the Financial Services Main Office at (613) 533-2050.