Learn how certain job changes affect the general ledger and employee benefits.
The encumbrance calculation process is an important way to track projected budgetary obligations in the general ledger.
A new update to the process that calculates encumbrances aligns the full-time or part-time designation for employees with their designation in payroll.
Expect minimal changes when pulling reports
Accurate funding and encumbrances help manage budgeting through the end of the fiscal year.
Issues involving encumbrances and funding entry are currently being resolved. If you need to create new positions or your funding entries do not update to completed status, temporary workarounds are available to you while these problems are fixed.
In October, some of you saw overstated salaries and benefits on your financial reports. The HCM team has been working on these issues and we have some updates for you.