Overview
The Finalize Pay Period function is used to prevent additional changes, and freeze the amounts that have been calculated for the selected Fiscal Year, Pay Code, and Pay Period. Once finalization has been completed, the application will not allow any modifications to be made for the selected period. Finalized pays cannot be recalculated. Financial information can be generated when the pay period is finalized. This leads to the actual delivery of employee funds.
Navigation
Payroll Management ► Payroll Transaction Processing ► Payroll Calculation ► Finalize Pay Period
Finalize Pay Period screen Fields
Field | Description |
Fiscal Year | Fiscal Year of the Payroll Calculation. |
Pay Code | Pay Code associated to the Payroll Calculation. |
Pay Period | Pay Period of the Payroll Calculation. |
Employee | Employee for which Payroll Calculation is performed. |
Institutions | Identifies which organization the payroll is based on or being calculated for (i.e., Ministry of Finance). |