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Queen's University
 

Financial Services

February 2013 Statement of Operations

In November 2012, Payroll Services paid vacation owed to Casual and Student employees. In some cases these amounts were charged to incorrect accounts. The error was discovered and an adjustment was entered in November through Journal 115512 (Description:  Payroll combo corr). Unfortunately, this correction did not rectify all errors.

In the month of February 2013, additional corrections were recorded. On your February Statement of Operations, you may see additional correcting journal transactions. This notification is intended to provide additional information on these corrections to help in reconciling monthly accounts. The following additional corrections were recorded:

1.  Journal 124356
Description:  payroll combo corr
This journal reverses journal 115512 referenced above.


2.  Journal 124507
Description:
VPA Nov Rev + EE ID: REVERSING ENTRY:  This entry reverses the vacation earnings originally charged to the account in error.
VPA Nov Corr + EE ID: CORRECTING ENTRY:  This entry charges the vacation earnings where the vacation % should have been charged.


3.  Journal 124487
Description:
DED Nov Rev + EE ID: REVERSING ENTRY:  This entry reverses the deductions calculated on the vacation earnings, originally charged to the account in error.
DED Nov Corr + EE ID: CORRECTING ENTRY:  This entry charges the deductions calculated on the vacation earnings, where the deductions should have been charged.


4. Journals 124521 and 124577
Description:
Tax Nov Rev + EE ID: REVERSING ENTRY:  This entry reverses the taxes calculated on the vacation earnings, originally charged to the account in error.
Tax Nov Corr + EE ID: CORRECTING ENTRY:  This entry charges the taxes, calculated on the vacation earnings, where the taxes should have been charged.



See an example of how these entries will appear (PDF, 203 kB).

If you have any further questions, please contact Michelle McFadzen at 74321 or Laura Pollock at 74147.

Kingston, Ontario, Canada. K7L 3N6. 613.533.2000