posted Jun 23, 2014, 4:02 PM by Peyri Herrera
With the posting of the first live payroll from PeopleSoft HCM to PeopleSoft Finance happening this week, MITI would like to share the following important information:
- The payroll journals will post to Finance with a journal source of PAY.
- Suspense A: GL Journals, including the payroll journals, are balanced by fund and resource. This means that any items that need to post to suspense will post with the correct resource with object 7999000. An example is a special education payroll expense that is posting to suspense will post to 6500100 with object 7999000. The fund and resource will inherit from the actual account that tried to post. The goal, function, site, and operating unit will not.
- Suspense B: PeopleSoft will automatically create a journal to help you clear the suspense. This journal will show the suspense that posted and the original line that tried to post. This will enable district users to make adjustments to the original lines and post the journal to clear suspense. More information on this process with detailed instructions will follow in the next couple of days.