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What are Correction Requests?

A correcting entry is a request Correction requests are submitted to correct funding segments on posted financial transaction or payroll activity. for the following:

  • Payroll activity (includes fringe activity)

  • Individual Compensation (ICP)

  • Expense Reports

  • Invoice Payments

  • P-Card

(tick) It’s important that transactions are coded to the correct funding, up front, to avoid having to submit correcting entries.

When do I submit a Correcting Request?

A correcting entry is needed if funding allocations are incorrect for any of the following:

  • Payroll activity (includes fringe activity)

  • Individual Compensation

  • Expense Reports

  • Invoice Payments

  • Requisitions

What are Journal Entries?

A journal entry is a request for reallocation, surplus transfer or make changes to the accounting for Accounts Receivables billing transaction.

Please note: if If revisions are needed for a Transact Campus item code, please use the Marketplace All in One Form to request an update in addition to submitting the Journal Entry Request.

Who do I contact for support?