Transfers
Transfers are used to move the Spending Authority for this type of funds.
What is Restricted Funds?
This task is selected to start a Payroll Accounting Adjustment.
What is Create Payroll Accounting Adjustment?
Costing allocations are required at this level.
What is worker/position level?
This ledger is for a reserved amount for an expected future expense.
What is commitment ledger?
Ledger Account used for Petty Cash withdrawals and replenishment.
What is 1002: Petty Cash?
This type of journal should be completed when moving actual revenue.
What is a Manual Journal?
There are two types of Pay Groups for ISU employees
What is Academic Pay (Monthly) and Hourly (Semi-Monthly)?
FSD enters costing allocations at these two levels.
What is worker/position level and worker/position/earning level?
This is when Purchase Order obligations are relieved.
What is when an invoice is matched to a PO and paid or when the PO is closed?
The form required to be attached in Workday when someone receives property given by ISU (cash, gift cards, certificates, or other).
What is Research Participation Receipt and Property Receipt Form?
6980: Non Mandatory Out and 6995: Mandatory Out are this type of Transfer Ledger Account.
What is Expense?
PAA’s do not proactively adjust allocations, if required this task must be completed separately.
What is Assign Costing Allocation task?
If an allocation it missing the worker still gets paid, payroll will instead post here.
What is the Position Org Assignment worktags (also acceptable is blank/null driver worktags)?
Payroll obligation go out until this date.
What is the end of the fiscal year?
This is used to identify or describe what is being purchased, not what the item will be used for.
What is a Spend Category?
This is the only time revenue can be moved from a FFS fund to a RFEE fund.
What is for annual transfers of excess external revenue?
This common Change Reason is used if there is some kind of departmental error with a PAA.
What is Administrative Error?
For new hires or new positions, the Start Date should always be this date.
What is the first day of the pay period for the new hire/new position?
This is when Requisition commitments are relieved.
What is when a PO for the requisition is issued or if the requisition is canceled/closed?
The only type of ledger account a Budget amends should be done on.
What is an expense ledger?
It’s best practice to use these two ledger account combinations so the result is a net zero impact.
What is Transfer IN/Transfer IN and Transfer OUT/Transfer OUT?
To pull in retro payroll on a PAA correctly, this Payroll Result Type must also be selected.
What is Off-Cycle (in addition to On-cycle)?
This type of compensation plan is rare but used for workers who are gradually retiring.
What is Phased Retirement Faculty compensation plan?
These two business processes create commitments and not obligations.
What is Requisitions (CyBuy and Non-Catalog) and Spend Authorizations?
The date and time that final accounting journals for FY23 can be completed.
What is 3:00 PM on 7/10/2023?