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Controller's Office

The Controller's Office serves to support the academic mission of the university by accurately recording and reporting financial transactions and safeguarding university assets. The office is responsible for financial and compliance reporting and providing financial information to members of the community in support of the needs of the university. Our staff strives to provide service in a professional, effective and respectful manner to faculty, staff, students, parents, alumni, and external relations of the university.

 

WPI now performs soft financial closes each quarter of the fiscal year. This allows the Institute to utilize Workday functionality and improve financial projections.

All invoices, expense reports and payroll adjustments should be submitted prior to the 15th day following the close of a quarter.  Transactions after the 15th will not be posted to a closed quarter but will be automatically applied to the first day in the open quarter. This will enable managers to monitor and forecast budgets that will not change once the quarter has closed.  Overtime, this will provide revenue and spending patterns for trend analysis and future projections.

The schedule is:

QUARTER ACTIVITY FOR : LAST DATE TO POST/APPROVE:
Q1 July, August, September October 15
Q2 October, November, December January 15
Q3 January, February, March April 15
Q4 April, May, June See forthcoming Year-End Close memo

University Audited Financial Statements