Monthly Close Schedule

General Accounting will close each fiscal period in Banner on the 5th business day of the following
calendar month. Remember Saturday, Sunday and Holidays are not considered business days, for actual closing dates please see the chart below.

All month end entries and uploads must be submitted to General Accounting by the 2nd business day
of the following month. If your entries are not submitted by this deadline, the entry will be posted to
the following month. 

All entries and uploads must be posted by 12p.m. on the day of close. An email will be sent
from the day before close as a reminder of this posting deadline. 

As a reminder, the monthly finance reports are no longer sent via email. You will need to log into
Oracle Business Intelligence (BI) to run the monthly reports from the Financial Information dashboard.

The BI system updates one day after Banner so the final numbers will be available in BI the following
business day after close.

Effective 7/1/2020, we will be changing the JV and upload policy.  As of FY21, departments will have 90 days from the date of the expense to submit requests for corrections or reclassification between accounts. Please note that General Accounting will deny requests that are beyond the 90 days.  Exceptions may be made only if there is a valid reason, such as an expense charged to a fund that is not permitted.  An example of this would be alcohol charged to an operating/E&G fund.

The labor redistribution policy will also be changing effective 7/1/2020.  As of FY21, Labor Redistributions must be submitted within 90 days and will be processed in the appropriate month. If they are older than 90 days, they will not be processed. Labor Redistributions for May and June expenses ONLY must be submitted by July 2. Any received after the deadline will be processed in July of the following fiscal year provided they are within the 90-day requirement.

Monthly Close Schedule 2023

Monthly Close Schedule
Month To Be Closed in 2023 Deadline for Data to General Accounting Date for Banner Fiscal Period to be Closed
December Wednesday, January 4, 2023 Monday, January 9, 2023
January Thursday, February 2, 2023 Tuesday, February 7, 2023
February Thursday, March 2, 2023 Tuesday, March 7, 2023
March Tuesday, April 4, 2023 Friday, April 7, 2023
April Tuesday, May 2, 2023 Friday, May 5, 2023
May Friday, June 2, 2023 Wednesday, June 7, 2023
June Wednesday, July 5, 2023 Monday, July 10, 2023
July Wednesday, August 2, 2023 Monday, August 7, 2023
August Tuesday, September 5, 2023 Friday, September 8, 2023
September Tuesday, October 3, 2023 Friday, October 6, 2023
October Thursday, November 2, 2023 Tuesday, November 7, 2023
November Monday, December 4, 2023 Thursday, December 7, 2023
December Wednesday, January 3, 2024 Monday, January 8, 2024

Monthly Close Schedule 2024

Monthly Close Schedule
Month To Be Closed in 2024 Deadline for Data to General Accounting Date for Banner Fiscal Period to be Closed
December Wednesday, January 3, 2024 Monday, January 8, 2024
January Friday, February 2, 2024 Wednesday, February 7, 2024
February Tuesday, March 4, 2024 Thursday, March 7, 2024
March Tuesday, April 2, 2024 Friday, April 5, 2024
April Thursday, May 2, 2024 Tuesday, May 7, 2024
May Tuesday, June 4, 2024 Friday, June 7, 2024
June Tuesday, July 2, 2024 Tuesday, July 9, 2024
July Friday, August 2, 2024 Wednesday, August 7, 2024
August Wednesday, September 4, 2024 Monday, September 9, 2024
September Wednesday, October 2, 2024 Monday, October 7, 2024
October Monday, November 4, 2024 Thursday, November 7, 2024
November Tuesday, December 3, 2024 Friday, December 6, 2024
December Friday, January 3, 2025 Wednesday, January 8, 2025