To prepare for the end of the fiscal year, it is critical to review costing allocations to ensure they are accurate and up to date. The Payroll Funding reports can be used to review and identify when costing allocation updates need to be made. Due to validations that restrict cross-fiscal year payroll accounting adjustments (PAAs), you will not be able to correct payroll funding with a PAA after the fact in the new fiscal year (after July 20, 2026) if the PAA does not involve an OSP grant. Below are the recommended costing deadlines for June FY26.
- June 11 -- to make costing changes for Monthly 6 (6/01 - 6/30)
- June 16 -- to make costing changes for Biweekly 13 (6/01 - 6/14)
You may still correct payroll expenses involving OSP grants for up to one year, when necessary to ensure accuracy and compliance. The PAA validations use the current and proposed lines and the period end dates.
The recommended deadline for Payroll Accounting Adjustments to post to FY26 is June 17. Payroll close activity group closes on June 18 for FY26. This means any PAAs processed after 6/18 will post to FY2027. The there is a short grace period which allows you to post PAAs for pay periods associated with FY26 until July 20; however, the PAAs will post to the next open period, which will be FY27 - July.