FAQ: Payroll Commitments Fiscal Year-End (CAN, USA)

When can I perform initial payroll commitments for the fiscal year?: You can run initial payroll commitments at the beginning of the fiscal year. Complete the prerequisites before you create initial payroll commitments. See Create Initial Payroll Commitments (CAN, USA).
How do I close payroll commitments for the fiscal year?: Access the
View Company Payroll Commitment Options
task.
Select the company.
Find the base fiscal year that you want to close.
Click the
Close
button in the
Change Status
column.
Select the
Confirm
check box and click
OK
.
Do I have to complete all payrolls in the fiscal year before closing commitments?: Yes, incomplete payroll periods can't exist in the base fiscal year before closing commitments.
If I choose not to close commitments at the fiscal year-end, can I close at a later date?: To close commitments for a base fiscal year, the final ledger period for that year must be in open status. If you've closed the final ledger period, you need to reopen in order to close commitments for that year.
If I only want commitments for the base year when I create initial commitments, can I change the commitments options in future periods?: Yes, you can change commitment options to include future year commitments later. However, your changes will only reflect in pay periods processed after you make the changes.
Can I run the Create Initial Payroll Commitments task after the first payroll of the year?: Yes, when you run the next on-cycle payroll, liquidations corresponding to the preceding payrolls of the fiscal year generate and post.
Is there a limit to the number of base fiscal years that can be open simultaneously?: No, there's no limit to the number of base fiscal years that can be in open status simultaneously. However, Workday recommends that you close commitments as part of your standard year-end closing process. Otherwise, future year commitments will remain unliquidated.