Workday month end close is scheduled for the fourth working day after the last day of the month.
Journals and accounting adjustments can be left in “Created” status to carry over to the next month if desired. However, all journals and accounting adjustments that are “in Progress” must be posted or cancelled before the FMS Support Team can close the month. KED and Sponsored Projects accountants should make it a priority to approve all end-user journals and accounting adjustments that are in proper order that are in their in-boxes during the four day close process.
The Financial Services General/Auxiliary Accounting area is responsible for cancelling journals that are in Progress. Commencing at 3 PM the day of close, the Financial Services General/Auxiliary Accounting area will send an email to notify each of the central accounting areas that the close process is beginning. All journals required to be posted for the month that is closing must be in Posted status before 3 PM the day of close. After 3 PM the cancellation of Journals and Accounting Adjustments that are progress will begin. When all journal cancellations are complete, the FMS Support Team will begin month end close.
Units can view scheduled month end close dates on the FMS Calendar.