What are financial corrections?

Financial corrections are submitted to correct costing / funding (fund, department, cost center, supplemental, project) for any of the following:

• Payroll activity (includes fringe)

• Individual Compensation (ICP)

• Employee Assignment Costing

• Expense Reports

• Invoice Payments

• P-Card

What are journal entries?

Journal Entries may be completed to request surplus transfers and reallocations of LOCAL fund balances and corrections to transactions with no transaction number.

Related Policies & Resources

• Policy 6380: Proper Funds Management

• Policy 6330: Budget Deficit Resolution

Visit the Correcting Entries Matrix to determine which process to follow for the type of correction you need to make.

Visit the Correcting Entry Tracker to follow up on the status of a correcting entry request.