UNIV & Sponsored Project PET Page Changes, to be Implemented July 1st [06/30/08]
Below is a reprint of a communication sent to HR and Financials users working with Personnel Expenditure Transfers (PET) for university and sponsored projects.
Beginning July 1, 2008, PETs will be posted nightly to the Financials System, rather than accumulated for the month and posted at month-end.
Key items regarding this change will impact both University and Sponsored Project PET pages:
- When inputting a PET, the "Begin Date" and "End Date" need to match exactly the pay period for which costs are being transferred (it is no longer acceptable for the Begin and End Dates to fall within the pay period).
- PETs will be selected for processing after the Pay Issue date has passed.
- PETs entered before the last 8 calendar days of the month will post to the GL the night they are entered (assuming the Pay Issue date has passed) and will have a current month journal date.
- PETs entered within the last 8 calendar days of the month will be posted to the GL in the following month (once the Pay Issue Date has passed) with a journal date of the month in which they are posted.
Additional information on PETs is available on HR ASSIST. The Research Foundation web site will have information on how PETs will display on the PI Portal.
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