Retroactive finance changes

When retroactive finance reclassification is enabled, the system captures changes to expense accounts for time records in a Finalized or Closed status when the changes are made from the Work Assignment, Pay Code, or Work Assignment Payroll Distribution Override level. Payroll adjustment records are generated to back out wages from the old expense account and move the wages to the new expense account.

For example, you can change a pay code on a time record that is in Finalized or Closed status. If retroactive finance reclassification is enabled, you can generate finance adjustments to update the employee payroll for the current period.