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Fiscal Year-End Closing

Year-End Process

The 2019-20 fiscal year ends on June 30, 2020 for all business units except UFLEF and F4HFI.  The scheduled date for closing the General Ledger for the 2020 fiscal year is Tuesday, July 14, 2020.

The Year-End Schedule and Fiscal Year-End Closing General Information are updated in April of each year with specific dates and contacts related to the year-end process.

Schedule

Below are the fiscal year closing schedules for the University’s business units.

*Tentative date based on completion of audit

Business Unit FY Fiscal Year End GL Closing Date
UFLEF 2019 12/31/2019 3/31/2020*
F4HFI 2020 3/31/2020 7/1/2020*
UFLOR 2020 6/30/2020 7/14/2020
CATTL 2020 6/30/2020 7/14/2020
CREFN 2020 6/30/2020 7/14/2020
FCRDF 2020 6/30/2020 7/14/2020
SWRFI 2020 6/30/2020 7/14/2020
TCRFI 2020 6/30/2020 7/14/2020
UFLCA 2020 6/30/2020 7/14/2020
UFLDC 2020 6/30/2020 7/14/2020
STAUG 2020 6/30/2020 7/14/2020
UFRFI 2020 6/30/2020 8/31/2020*
FFSPI 2020 6/30/2020 8/31/2020*

Definitions

General Ledger

An account book of final entry.  In an accounting system, the general ledger is the place in the system where financial information resides.

Fiscal Year End

Date of completion for accounting end of the business unit’s 12 periods.

GL Closing Date

Date of the actual closing of the General Ledger.  No transactions can be posted after closing.

Last Reviewed

05/01/2020: reviewed content

Toolkits

UF HR Toolkit – Journal Entry

Contacts

General Accounting: (352) 392-1326; gahelp@ad.ufl.edu

Contracts & Grants: (352) 392-1235

Treasury Management: (352) 392-9057

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