month end accruals
Can anyone please respond to this question ASAP please? This is critical.
We are using month end accruals and we are having an issue for the month of october.
We are on a bi-weekly payroll. And in 2008, we have May and Oct where we have 3 pay dates in those months.
The problem is with the accual postings in OCT.
We are getting an accrual document created for the second payroll of october. Along with it there is a reversal document which has an error saying that the Nov perios is not open yet.
The question is, we still have one more payroll run (check date 10/31) in OCT and why is the system doing an accrual in the second period which has a check date 10/17?
Also, if the system is doing it correct, what measures can we take to clear the error in the reversal document?
Appreciate your response.