Did one of your employee’s get paid from the wrong funding course? No problem. The payroll preparer or business manager will need complete the Retro process to transfer previously paid payroll charges from one funding source to another.
A Retro will move Salary + Fringe benefits for positions that are benefit eligible. Please take into consideration the Fringes when calculating how much to move from one funding source to another. Fringes are approximately 34% of Salary.
COMMON RETRO ISSUES: