There’s more to payroll funding than position funding. Account codes classify the kind of earnings and benefits processed by payroll and are crucial for encumbrances and budgeting.
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.
There’s more to payroll funding than position funding. Account codes classify the kind of earnings and benefits processed by payroll. They are crucial for encumbrances and budgeting.
Some faculty on nine-month contracts choose to have their total pay spread out over 12 months. Find out how this affects the fiscal year budget table, taxes, retirement and benefits.