Friday, 31 March 2017

Processing Salary & Benefit Adjustments During 2017 Year-end

Fiscal year-end posting deadlines will affect how Salary and Benefits Adjustments are processed. Adjustments completed between April 1-6, 2017 will be posted to the previous fiscal year. Transactions for the new fiscal year cannot be processed until after April 6, 2017.

For Salary and Benefits Adjustments (SBA) completed from April 1 to April 6, 2017, the Accounting Date will be March 31, 2017. All adjustments performed during this period will be posted to the previous fiscal year.

Year: 2017
From: April 1, 2017              To: April 6, 2017
Accounting Date: March 31, 2017

You will not be able to process SBA transactions for the new fiscal year until after April 6, 2017.  Each year-end schedule will detail the posting deadline for SBA,