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 these levels:

• Work Assignment
• Pay Code
• Work Assignment Payroll Distribution Override
• Employee Payroll Distribution Override
• Position Payroll Distribution Override

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 make a retroactive pay code change that affects 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.