DFA will be processing a biweekly payroll accrual for seven days, June 22, 23, 26, 27, 28, 29 & 30 that must be accrued as a fiscal year (FY) 2017 expenses. This is an accrual for financial statement purposes only, there will be no labor ledger entries, nor will it affect effort certification reports. DFA will post the biweekly payroll accrual to period 12 no later than July 6.
DFA will reverse FY 2017 biweekly payroll accrual.
Note: There is no need for a semimonthly payroll accrual, because the pay period ends on June 30.
Reminder: Units should not process any payroll accruals unless preapproved by DFA. If you believe an accrual is necessary, please direct requests to firstname.lastname@example.org.