2026 Finance Fiscal Calendar

Finance Monthly Closing Dates

Rules for Determination of Close Dates:

• There must be at least 5 business days after the month end to close the actual ledger. If there are less than 5 business days, the ledger close will go out to the next Friday.
• The Friday for year-end close is the Friday of the split payroll week.
• Ledger closes are scheduled for Friday’s due to the length of time is takes for monthly reports to run after closing.

Logic for ADJUST Ledger:

• The ADJUST ledger will be used for the monthly/quarterly adjustments after the ACTUALS leger has closed.
• The ADJUST ledger will close 1 week after the ACTUALS ledger closes. For the quarter close, the ADJUST ledger will close 2 weeks after the ACTUALS ledger closes.
• For Fiscal Year End, it will close on the last workday of July.

Logic for Period 998:

• Period 998 is for annual adjustments.
• This period will open on April 1st and will close on August 30, 2026.
• After the period is closed, any additional adjustments will need to be requested thru the Associate Controller in the President’s Office.

Additional Notes on Business Units:

Worcester Business Units:

• UMWOR, WUMMF, WCCCP, WCPSP, WCS00, WCS01, WCS03 thru WCS11, EL600, EL610 and EL650.
• WCS02 is located in Amherst but belongs to WCCCP.

Building Authority & Foundation Business Units:

• UMBLD, EL900, UMFND business units will follow the same closing schedule outlined above. Activities will be booked at the President’s Office on a quarterly/annual basis. These business units are shared across campuses and are identified by campus using the department number. Below is the list of departments:
  • AMH1000000 - Amherst
  • BOS1000000 - Boston
  • CEN1000000 – President’s Office
  • DAR1000000 – Dartmouth
  • LOW1000000 – Lowell
  • WOR1000000 – Worcester

UMass Global Business Units:

• UMGLB, UMCBE and EL800 business units will follow the same closing schedule outlined above. Activities will be booked at the President’s Office on a quarterly/annual basis.

ULARC – Umass Lowell Applied Research:

• ULARC business unit will follow the same closing schedule outlined
  above. Activities will be booked by the Lowell campus on quarterly/annual basis.