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KNOWLEDGE CENTRE

You Survived Fiscal Year-End, but did your Operating Payroll Reserves Get Left Behind?

Monthly payroll reservation calculations are done as part of the monthly payroll run program. For this reason, payroll postings and reserves for future salary and benefits costs for the new fiscal year will not be reflected in the FM operating account until the monthly payroll program is run in May. Until this date, your funds availability may appear to be significantly more than it actually is. Remember to plan and spend accordingly.


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