Salary Cost Transfers
A Salary Cost Transfer is the reassignment of a payroll expense from one chart string to another. Proactive salary planning and payroll management based on the anticipated projects and activities will reduce the volume of cost transfers, and are highly encouraged. In the event a retroactive salary adjustment is needed, a cost transfer (journal) should be completed to correct the error. Salary cost transfers (journals) are designed for correcting errors based on the actual work performed during the reported period.
Training and Tools
Please explore Training and Tools to learn more about Cost Transfers best practices, and to access related resources.