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Payroll Cost Corrections

How to complete and correct a retro, which is a payroll cost correction, and how to submit journal entries for them.

• Journal Entry for Payroll Cost Corrections

  Directive Statement This directive establishes the proper methods of submitting a journal entry for payroll cost corrections.  This procedure is...

• Payroll Cost Corrections – “Retros” (Payroll Cost Transfers)

  Directive Statement This directive establishes the proper methods of completing and correcting payroll cost transfers, known as “Retros”.  A payroll cost...