Fiscal Year Memo 20-22: Earnings Code Processing during Accounts Payable Pay Periods
The purpose of this memo is to inform departments of the methodology for distributing and recording HR/CMS Payroll charges in LCM and MMARS during the Accounts Payable pay periods. To accommodate multi-year payroll processing, certain earnings codes will only charge to FY 2020.
This memo provides Payroll Directors with detailed guidelines on how to charge FY 2020 during the Accounts Payable pay periods. Note that in accordance with State Finance Law requirements, departments must account for expenditures in the fiscal year in which the obligation is incurred. Payroll Holds are needed for all Prior Fiscal Year charges during the Accounts Payable periods.