Accrued Payroll Liability Variance

  FY17 FY16

Variance

from FY16

Quarter 1 15 days 13 days 15.4%
Quarter 2 * 10 days 9 days 11.1%
Quarter 3 15 days 14 days  7.1%
Quarter 4 10 days 19 days -47.4%

How to read this table:

The days in each Fiscal Year column represent the days that are accrued automatically in the specified quarter (weekdays only). The Variance from Prior Year columns represent the percentage variance you should be seeing for the Accrued Payroll Liability variance if total Bi-weekly salaries remain constant.

Any variance on your quarterly variance analysis that materially varies from the above percentages needs to be explained on the variance analysis.

* NOTE: Quarter 2 of each year will also accrue an amount equal to December’s salary for Professional staff since the December paycheck is not paid until early January.