There are a few best practices to keep in mind while creating a Payroll Expense Transfer (PET) to ensure correct accounting, a smooth fiscal year-end and collaboration between departments.
Fiscal year 2023 begins July 1, and the annual Department Budget Table roll-forward update was completed successfully on June 29.
Fiscal year 2023 (FY23) begins on July 1. Ensure that this year’s payroll (and effort) is allocated correctly before the close of fiscal year 2022.
The fiscal year 2023 (FY23) Department Budget Table (DBT) roll forward will occur on June 29.
To manage position funding between now and fiscal year end, the “Apply to Next Fiscal Year” feature will be enabled beginning May 1.
Verify pay funding sources as soon as the payroll registers are ready and take action to amend errors.
Taking time to proactively check for data mismatches and active funding status in HCM can prevent delayed paychecks.
The fiscal year 2022 (FY22) Department Budget Table (DBT) roll forward occurred on June 29.
Fiscal year 2022 (FY22) begins on July 1. Ensure that this year’s payroll (and effort) is allocated correctly before the close of fiscal year 2021.
The fiscal year 2022 (FY22) Department Budget Table (DBT) roll forward will occur on June 29.

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