Generate the Contract Balance Variance Report
Payroll > Reports > Payroll Information Reports > HRS6050 - Contract Balance Variance Report
Complete this step for July contracts only at this time. Then, perform this step again in August for August contracts.
Complete the applicable report parameters and generate the report. Print and/or save this report and review it for accuracy. This report should have been reviewed during the Finance EOY Process.
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 |
