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Month-End/Year-End Overview
Apr 28,2014 at 03:02:PM

Overview Procedures Forms FAQs Policy

Syracuse University Month End Closing

Month end close is performed to finalize a snap shot of transactional activity for a period. Most processes run at month end are also run on a daily and/or weekly basis. For month end, these processes are performed for the last time for a particular month to ensure that all transactions are posted and reflected on reports. The month is officially closed when all of the month end processes are complete (including posting.)

Syracuse University Fiscal Year End Closing

Recording expenditures in the correct fiscal year is critical to the accuracy of fiscal year end reports and financial statements.  However, accurate reports and statements must be balanced with the necessity to close the fiscal year and open the new fiscal year as quickly as possible. 

 Fiscal 2014 Year-End Accounting Closing Procedures

 Year-End Administrative Calendar

 

 

 

 

 

 


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