Thursday, June 5, 2014

Budgeting on payroll default

Some departments budgeted in the payroll default chartstring:  1026-xxxxx-21853.  
The payroll default chartstring is forced open by central when necessary, so there is no need to budget in it to keep it active.  Even if you have reason to expect payroll to default at some point next year, the defaulted transactions will have to be corrected prior to the end of the fiscal year, and those corrections will result in offsetting the activity in the default chartstring.  Therefore, we are zeroing the budgets on the payroll default chartstrings.  DJP