FY 2025 Closing Dates
| Month | Fiscal Period | ACTUAL Ledger Closing Date | ADJUST Ledger Closing Date |
|---|---|---|---|
| July, 2024 | 1 | 08/09/2024 | 08/16/2024 |
| August | 2 | 09/13/2024 | 09/20/2024 |
| September | 3 | 10/11/2024 | 10/25/2024 |
| October | 4 | 11/08/2024 | 11/15/2024 |
| November | 5 | 12/06/2024 | 12/13/2024 |
| December | 6 | 01/10/2025 | 01/24/2025 |
| January, 2025 | 7 | 02/07/2025 | 02/14/2025 |
| February | 8 | 03/07/2025 | 03/14/2025 |
| March | 9 | 04/11/2025 | 04/25/2025 |
| April | 10 | 05/09/2025 | 05/16/2025 |
| May | 11 | 06/06/2025 | 06/13/2025 |
| June | 12 | 07/18/2025 | 07/31/2025 |
Rules for Determination of Close Dates:
- There must be at least 5 business days after the month end to close the actual ledger. If there are less than 5 business days the ledger close will go out to the next Friday.
- The Friday for year-end close is the Friday of the split payroll week.
- Ledger closes are scheduled for Friday’s due to the length of time is takes for monthly reports to run after closing.
Logic for ADJUST Ledger Close:
- The ADJUST ledger will be used for the monthly/quarterly adjustments after the ACTUALS leger has closed.
- The ADJUST ledger will close 1 week after the ACTUALS ledger closes. For the quarter close, the ADJUST ledger will close 2 weeks after the ACTUALS ledger closes.
- For Fiscal Year End, it will close on the last workday of July.
Logic for Period 998:
- Period 998 is for annual adjustments.
- This period will open on April 1st and will close on August 30, 2025.
- After the period is closed, any additional adjustments will need to be requested thru the Associate Controller in the President's Office.
Additional Notes on Business Units:
Worcester Business Units:
- UMWOR, WUMMF, WCCCP, WCPSP, WCS00, WCS01, WCS03 thru WCS11, EL600, EL610 and EL650.
- WCS02 will be located in Amherst but belongs to WCCCP.
Building Authority & Foundation Business Units:
- UMBLD and UMFND business units will follow the same closing schedule outlined above. Activities will be booked at the President's Office on a quarterly/annual basis. These business units are shared across campuses and are identified by campus using the department number. Below is the list of departments:
- AMH1000000 - Amherst
- BOS1000000 - Boston
- CEN1000000 - President's Office
- DAR1000000 - Dartmouth
- LOW1000000 - Lowell
- WOR1000000 - Worcester
UMass Global Business Units:
- UMGLB, UMCBE and EL800 business units will follow the same closing schedule outlined above. Activities will be booked at the President's Office on a quarterly/annual basis.
ULARC - UMass Lowell Applied Research:
- ULARC business unit will follow the same closing schedule outlined above. Activities will be booked by the Lowell campus on quarterly/annual basis.
Last Updated:
9/4/24