Fiscal Year Memo
July 17, 2024
FY2024-23: Earnings Code Processing during Accounts Payable Pay Periods
This memo provides Payroll Directors with detailed guidelines on how to charge FY2024 during the Accounts Payable pay periods. Note that in accordance with State Finance Law requirements, departments must account for expenditures in the fiscal year in which the obligation is incurred. Payroll Holds are needed for all Prior Fiscal Year charges during the Accounts Payable periods.