Ensure that this year’s payroll (and effort) is allocated correctly before the close of the fiscal year.
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.
Use HCM payroll queries to confirm payroll and Payroll Expense Transfer details within HCM.
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.
Find relevant Employees Services and Controller’s resources for HR/GL transactions in one accessible spot.
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.
Verify pay funding sources as soon as the payroll registers are ready and take action to amend errors.
The PET page was updated to provide a warning any time you attempt to process a PET without selecting the whole paycheck.
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.

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