Page tree

Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

This procedure outlines the steps to be taken to close the USPS fiscal year.

**NOTE** Payrolls with July or later pay dates in the new fiscal year cannot be processed unless STRS Advance has been completed. An error will be given if trying to Initialize the first pay in July: ****RUNNING A PAYROLL IN JULY BEFORE RUNNING STRS ADVANCE ****

Cost of Life Insurance over $50,000

...

Note

In the "Totals" section of quarter report, the gross and adjusted gross should balance using a manual calculation

             Total Gross
             - Annuities
             ____________            + Non-Cash Earnings
           = Adjusted Gross Calculated

...