How to do Costing Adjustment?
Summary
How to do Costing Adjustment for the year 2020 (last 4days) Costing where the costing is done for 2021 in first period?Content
|
Period Name |
Start Date |
End Date |
Cutoff Date |
Date Earned |
Payroll Run Date |
Date Paid |
Payslip Availability Date |
Planned Submission Date |
|
1 2021 Biweekly |
12/28/20 |
1/10/21 |
1/12/21 |
1/10/21 |
1/15/21 |
1/15/21 |
1/15/21 |
1/11/21 |
The first Bi-Weekly payroll from 12/28/20 to 01/10/21 includes the 4 days (12/28 to 12/31 from Dec’20) needs to be adjusted for the year 2020 Costing where the costing is done for 2021.
Please suggest.
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