GL Month End Close Schedule

FY2021 Oracle General Ledger (GL) Month End Close Schedule

Monthly Close Dates (Third Business Day of New Month)

Jul – August 5, 2020
Aug – September 3, 2020
Sep – October 5, 2020
Oct – November 4, 2020
Nov – December 3, 2020
Dec – January 6, 2021
Jan – February 3, 2021
Feb – March 3, 2021
Mar – April 5, 2021
Apr – May 5, 2021
May – June 3, 2021
Jun – See separate year end calendar

Last Business Day of Old Month

  • Last day for the month for cashiering, inventory, payroll, and procurement transactions to be posted to the GL.

First Business Day of New Month

  • First business day of the new month will be open for processing of GL transactions.  In order to post to the correct period, care must be taken when processing transactions since both Old Month and New Month periods will be open in the GL.

  • Last day for the month for payables and iExpense transactions for the old month to be posted to the GL.

  • Last posting of SPUD Journal Entries for old month to GL and OGA (i.e., Reclasses, Cost Transfers, and Service Center charges) at 4:00.

Second Business Day of New Month

  • Manual WebADI Journal Entries can be uploaded for both New Month and Old Month Accounting (Period) Date.

Third Business Day of New Month

  • Cut off for Old Month WebADI Journal Entries - Entries must be submitted and uploaded to the GL no later than 10:30 AM.

  • Review questions regarding any WebADI Journal Entry must be resolved by 3:00 PM to be included in the Month End Close.

  • Posting of WebADI Journal Entries to the GL no later than 3:00 PM.

  • Recurring Journal Entries and Mass Allocation Journal Entries are posted to GL after 3:00 PM.

  • Close Oracle GL period.

  • Updating of IRA Data Warehouse for GL close transactions begins at 8:00 PM.

  • Cut off for Old Month WebADI Journal Entries - Entries must be submitted and uploaded to the GL no later than 10:30 AM.

  • Review questions regarding any WebADI Journal Entry must be resolved by 3:00 PM to be included in the Month End Close.

  • Posting of WebADI Journal Entries to the GL no later than 3:00 PM.

  • Recurring Journal Entries and Mass Allocation Journal Entries are posted to GL after 3:00 PM.

  • Close Oracle GL period.

  • Updating of IRA Data Warehouse for GL close transactions begins at 8:00 PM.

Fourth Business Day of New Month

  • IRA Financial Reports will be available at the start of business by 8:00 AM.
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