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Fiscal Year-End Closing

Year-End Process

The 2020-21 fiscal year ends on June 30, 2021. The scheduled date for closing the General Ledger for the 2021 fiscal year is Wednesday, July 14, 2021.

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 2020 12/31/2020 3/31/2021*
F4HFI 2021 3/31/2021 7/1/2021*
UFLOR 2021 6/30/2021 7/14/2021
CATTL 2021 6/30/2021 7/14/2021
FCRDF 2021 6/30/2021 7/14/2021
SWRFI 2021 6/30/2021 7/14/2021
UFLDC 2021 6/30/2021 7/14/2021
STAUG 2021 6/30/2021 7/14/2021
UFRFI 2021 6/30/2021 8/31/2021*
FFSPI 2021 6/30/2021 8/31/2021*

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

01/31/2021: 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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