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general:humanresources:checklists:firstpayrolloftheschoolyearchecklist:contractvariance

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general:humanresources:checklists:firstpayrolloftheschoolyearchecklist:contractvariance [2021/01/05 23:15] – emorenogeneral:humanresources:checklists:firstpayrolloftheschoolyearchecklist:contractvariance [2025/06/27 19:28] (current) – emoreno
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 +====Generate the Contract Balance Variance Report====
 +
 [[payroll:reports:payrollinformationreports:contractbalancevariancereport|Payroll > Reports > Payroll Information Reports > HRS6050 - Contract Balance Variance Report]] [[payroll:reports:payrollinformationreports:contractbalancevariancereport|Payroll > Reports > Payroll Information Reports > HRS6050 - Contract Balance Variance Report]]
 +
 +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.
 +
 +<WRAP center round important>
 +**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 if needed. 
 +</WRAP>
 +
 +
 +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:step_24_first_py_of_sy_contract_variance.png|HRS6050 - Contract Balance Variance Report Parameters}}
 +
 +{{:general:step_24_first_py_of_sy_contract_variance_report.png|HRS6050 - Contract Balance Variance Report}}
 +
 +
    
-It is very important to verify the accuracy of payroll over the course of the school year. Investigate variances and correct if needed.  
  
-{{page>general:humanresources:checklists:firstpayrolloftheschoolyearchecklist:contractvariance:images}}+ 
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general/humanresources/checklists/firstpayrolloftheschoolyearchecklist/contractvariance.1609888505.txt.gz · Last modified: 2021/01/05 18:15 (external edit)

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