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general:firstpayrolloftheschoolyear_julystart:contractvariance
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Generate the Contract Balance Variance Report
Payroll > Reports > Payroll Information Reports > HRS6050 - Contract Balance Variance Report
Complete this step only for employees with July contracts who receive their first paycheck in July. This process will be repeated in August for employees with August contracts who receive their first paycheck in August, and then in September for employees with September contracts who receive their first paycheck in September.
Complete the applicable report parameters and generate the report. Print and/or save this report. This report should have been reviewed during the Finance EOY Process but be sure to verify the information is accurate at this time.
IMPORTANT: Verify the accuracy of payroll over the course of the school year. Based on your LEA's pay frequency, investigate the maximum acceptable differences and correct them if needed.
Use the following variance thresholds accordingly:
| Pay Frequency | # of Pymts | Maximum Acceptable Difference |
|---|---|---|
| Monthly | 12 | .11 |
| Semi-monthly | 24 | .23 |
| Bi-weekly | 26 | .25 |
general/firstpayrolloftheschoolyear_julystart/contractvariance.1751572297.txt.gz · Last modified: 2025/07/03 19:51 by emoreno