When a contract ends mid-month and a new contract begins during the same month, posting payroll can be tricky. Avoid confusing paycheck calculations by following these best practices for mid-month contract changes.
Occasionally, you’ll need to correct errors in payroll after it processes. CU’s HCM Payroll Expense Transfer (PET) solution has a number of helpful features to make reallocating funding a breeze.
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.
