UAccess Financials Month-end Closing
Wednesday, October 31, 2012 - 5:00pm
- UAccess Financials will close at 5:00 PM on the last day of the month to allow for month-end processing, unless the last day of the month falls on a Saturday or Sunday.
- If the last day of the month falls on a Saturday or a Sunday, the month-end closing date will always be on the preceding Friday. Example: For March 2012, March 31 fell on a Saturday, therefore the closing date was Friday, March 30.
- Pending entries not approved on the day of close will be posted to the next accounting period (next month).
- Begin the monthly review (reconciliation) of accounts on the third business day after month-end to allow for error corrections of file feeds and batch programs.