There’s more to payroll funding than position funding. To make sense of the payroll transactions that post to the general ledger, account codes classify the kind of earnings and benefits processed by payroll and are used to post fringe rates and encumbrances.
The HCM payroll encumbrance calculation process is an important way to track projected payroll obligations — such as payroll, taxes and deductions — in the general ledger.
Sprintax Calculus streamlines the information and document exchange process with the International Tax Office. New international employees and students will be sent an invitation to complete a profile – please remind them to fulfill this requirement.
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.
The university’s Skillsoft platform, used to offer professional training courses and manage custom training modules, will update to Skillsoft Percipio in September.
The International Tax Office will debut the streamlined online platform Sprintax Calculus to gather international tax information on Aug. 1. Please share details with your international employees and students.
