OSU FIS 1112: Month End Closing Process

Each period closes on the 7th working day of the following month. During the first few days of each calendar month, each department is responsible for checking their approval queues frequently and performing the necessary processing functions.

Departments may run a report in Banner called FGRIDOC to show all incomplete documents. All Journal vouchers and invoices from the current month must be approved and processed prior to the closing of the period.

The Business Affairs Accounts Payable office also runs reports to scan for old invoice numbers and to determine what journal vouchers have been completed and are waiting final approval for the current month. This all occurs prior to closing the books for the prior month.

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