How are we going to prepare PETs (Payroll Expense Transfers) between the time that PeopleSoft Payroll and Kuali Financials go live?

There is a 3 month period- October 1 - January 1 where we will not be able to use the current PET system. We evaluated several options and based on the risk and costs associated with each of them have decided to put a moratorium on PETs during this period for non-Sponsored accounts. PETs will be accepted on Sponsored accounts using a paper form that will be processed by Sponsored Projects.

Sponsored Projects will maintain a database of these changes, will post a journal entry to FRS. The database will be available in the new data warehouse for reporting. When KFS goes live, Sponsored Projects will reverse the journal entries that had been entered into FRS and load the salary expense transfers into KFS.

We are asking that all other salary transfers be held until KFS goes live and at that time they can be entered into the new system. More.

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