EBSP Accounts and Salary Encumbrances
Hi Fellow Nag Members:
According to what I’ve heard from my department’s accounting person, the new departmental EBSP accounting module will not encumber salary funds in department accounts.
Encumbering means that those funds would still remain in those accounts but they are locked up so they can’t be used for other purposes.
Each pay period these encumbered funds are debited from accounts to pay certain employee’s salaries.
Are any of you I.T. aware of this and have your Account personnel approached you?
If you know of this problem and how it will affect you, how are you planning to address the issue?
LD
