Current Month Closing Guidance

 

Period 12 (June) Close 
Friday, June 26, 2020FY20 Period 12 (June) Accounts Payable closing
Monday, June 29, 2020Processing of month-end accruals for AP vouchers. Accruals are viewable in FDS reports the following day.
Friday, July 3, 2020University Holiday
Wednesday, July 8, 2020Payroll: Weekly and Biweekly for period end 7/5/2020, split between FY20 Period 12 (June) and FY21 Period 1 (July) and viewable in FDS the following day
Friday, July 10, 2020FY20 Period 12 (June) PAC Labor Accounting Close
Wednesday, July 15, 2020Last day for FY20 Period 12 (June) integrating system feeds
Thursday, July 16, 2020FY20 Period 12 (June) GL Closing to Schools and Departments; Please make sure all journals are approved and posted by 5:00 p.m. to be included in the closing process.
Thursday, July 23, 2020FY20 Period 12 (June) GL Closing Processes executed by the Controller's Office; All journal entries that are not posted for FY20 Period 12 are rolled forward into the following period and receive a journal date of 7/1/21.
  

 

Please be advised that on the date the Controller’s Office executes processes to close the month, the previous month will be open at certain times to allow for the timely completion of all required closing processes.  To prevent any disruption to our processes, it is important that you refrain from making journal entries into the previous month on this date.
 
All transactions, including subsystem activities such as accounts payable and payroll, posted to the ledger on a given day will be viewable in FDS the following day.
 
If you have any questions, please contact the Finance Service Center. You can log an incident or request a service by using a self-service web form, or you can contact the Service Center by phone: 212-854-2122.