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 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.
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.
There’s more to payroll than funding. Account codes match crucial benefits, work schedule and job type information to job positions in HCM.
Payroll funding starts in HCM, but after HCM data has posted to FIN, use these mFIN reports to verify the payroll data is correct.