Salary Transfers

Forms
FileLast Updated
Salary Transfers Prior PeriodMonday, June 8th, 2009 at 9:29 AM
Purpose
To transfer salary and University of Michigan contributions for benefits and taxes to a new shortcode.
Description

Salary Transfers are transactions that impact expenses for salary and University contribution for benefits/taxes in the General Ledger (GL).

Retroactive Salary Transfers

A retroactive salary transfer is initiated when a Shortcode for a faculty or staff member's salary is changed retroactively. This means that one Shortcode was charged for salary/benefits/taxes and the expense should now be charged to another Shortcode.

Many salary transfers result from retroactive Department Budget Earnings transactions being processed by a HR departmental representative.  However, some salary transfers can be initiated by submitting the attached Salary Transfer Form to the University Payroll Office.

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Click here for a procedures on processing Retroactive Salary Distribution Changes and for a link to the Salary Distribution Changes Standard Practice Guide Policy

Proration Rules

Some salary transfers result from proration rules for University-year appointments.  Click here for University Year Salary Transfer Proration Information