Monthly Closing Schedule

The following information will help you to prepare for each month-end general ledger closing.  If you require assistance as you request and print monthly statements and detail reports, or have questions regarding the closing, please contact Gary Maccarone, Senior Staff Accountant/Outreach Specialist at ext. 5-2237 (e-mail: acctg@rit.edu). 

The Controller’s Office Web Page is a great reference for information regarding Accounting, Oracle, Payroll, SPA Accounting, Travel Information, and Procurement Card Information.  Many forms are available on the web page also.  Please visit the Controller’s Office Web Page at https://www.rit.edu/fa/controller/.

 

Day 1 -  Select the proper period date and use proper batch name when creating journal entries for the prior month-end.  If you do not change the date, it will default to the current month and the JE will not post in the correct month-end.  Month-end journal entries created and posted after last day of month, must be named using the last day of month; for example; MMDD-XX,  151ALN1031-11.

Day 2 - All journal entries due to Accounting by 4:30 p.m.

Day 3 - 8:30 a.m. - Active Pay transactions posted to ledger.

    1:00 p.m. - Accounts Receivable closes.

    2:00 p.m. - Accounts Payable closes.

Day 4 - Accounting Operations performs month-end closing process.  Closing starts at 9:00 AM (Quarter-end close starts at 10:00AM*).

Day 5 - Department statements available when month closed, approx. 12pm, unless otherwise notified (see closing status below).

 

Activity

FY18 Month   

Day 1

Day 2

Day 3

Day 4

Close Status

Day 5

July 2017
8/1/2017
8/2/2017
8/3/2017
8/7/2017
Closed
8/8/2017
August 2017
9/1/2017
9/5/2017
9/6/2017
9/7/2017
Closed
9/8/2017

September 2017

NTID Prelim

NTID Final

10/2/2017
n/a
n/a
10/3/2017
10/10/2017
10/17/2017
10/4/2017
n/a
n/a
10/5/2017
10/11/2017
10/18/2017
Closed
Closed
Closed
10/6/2017
10/12/2017
10/19/2017
October 2017
11/1/2017
11/2/2017
11/3/2017
11/6/2017
Closed
11/7/2017
November 2017
12/1/2017
12/4/2017
12/5/2017
12/6/2017
Closed
12/7/2017
December 2017
1/2/2018
1/3/2018
1/4/2018
1/5/2018*
 
1/8/2018
January 2018
2/1/2018
2/2/2018
2/5/2018
2/6/2018
 
2/7/2018
February 2018
3/1/2018
3/2/2018
3/5/2018
3/6/2018
 
3/7/2018
March 2018
4/2/2018
4/3/2018
4/4/2018
4/5/2018*
 
4/6/2018
April 2018
5/1/2018
5/2/2018
5/3/2018
5/4/2018
 
5/7/2018
May 2018
6/1/2018
6/4/2018
6/5/2018
6/6/2018
 
6/7/2018
June 2018 Prelim
7/2/2018
7/3/2018
7/5/2018
7/6/2018*
 
7/9/2018
June 2018 Final
n/a
7/13/2018
n/a
7/17/2018*
 
7/18/2018