Some faculty with nine-month academic year contracts may choose to have their pay distributed over a longer time period. Understand how these extended payouts align with fiscal year budgets and the general ledger.
Occasionally, you’ll need to correct errors in payroll after it processes. CU’s HCM Payroll Expense Transfer (PET) solution has several helpful features to make reallocating funding a breeze.
From time to time, a paycheck is processed with incorrect or expired funding. Fortunately, you can use a Payroll Expense Transfer (PET) to update the funding source for a given paycheck after payroll processes.
