Month-End / Year-End Close

Start here if you are new - Introductory information to help you get started:

• Month End Close
• Year End Close
• Organization, Labor and AP Suspense Accounts
• Reconciling Expenditure Statements
• Managing Organizational Changes
• Assigning Responsibilities for Close Tasks

Step-by-step instructions for month-end / year-end close-related tasks:

• Create or Upload Journal Entries
• Clear Organization Suspense Accounts
• Year-End Tasks...
  • Clear a Fund Overdraft at Year End
  • Transfer Funds
  • Record Accruals (Revenue & AP)
  • Request Carry Forward of Budgeted Funds
• Enter Salary Adjustment in LD
• Create/Update Labor Schedule
• Request Change to Existing PTA

Condensed policy information related to month-end / year-end close:

• Non-Sponsored Fund Transfers
• Revenue and Expense Accruals
• Vacation Accrual
• Organizational Changes (UBO)

Links, tools and reference materials related to month-end / year-end close:

• Accounting Calendar and Deadlines
• Status of ReportMart3 Data
• Year End Close Checklist for Budget Officers
• Labor & Feeder Best Practices
• iJournal Roles & Responsibilities
• Related Reports
• Reason Codes for Labor Schedule Entries
• Clearing Organization Expense Accounts

Downloadable and on-line forms related to month-end / year-end close:

• iJournal Responsibility Request
• iJournal Feeder Upload Template
• PTA Carry Forward Template

Online tutorials, classroom training, and related materials:

• FIN-0210 Introduction to iJournals
• iJournal User Guide
• Labor Schedule User Guide
• Labor Distribution User Guide