Funding Suspense

As hiring for the new academic year begins, payroll liaisons should proactively check for HCM data mismatches that can affect payroll funding for new hires.

Ensure that this year’s payroll (and effort) is allocated correctly before the close of the fiscal year.

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.

Follow these payroll funding “best practices” to avoid payroll funding headaches.