As announced in the June Controller’s Office Newsletter, Payroll will change the way that accrual amounts for biweekly pay cycles are posted to the General Ledger beginning in Fiscal Year 2016-17. The first biweekly payroll accruals in FY2016-17 will be processed as part of the August monthly payroll journal posting, and will be visible in MyReports in early September.
A new quick reference guide, Understanding the Biweekly Payroll Accruals, is available on the Payroll Training and Job Aids tab of the Payroll section on the Controller’s Office website. This reference guide provides an overview of the biweekly payroll accrual calculation and explains how to identify the accrual transactions in MyReports.
The Controller’s Office will conduct a live webinar in August to review the upcoming changes to the biweekly payroll accrual process. Look for registration information and additional details in the August Controller’s Office Newsletter.