In order to fully account for each fiscal year's payroll expense Financial Services will process entries for estimated payroll expenses for the days between June 30th and the final payroll run of the fiscal year. For example if the final payroll run was for the pay period end date of June 28th, an entry would be required to estimate payroll expenses for June 29 and June 30 in order to account for the entire fiscal year.

These entries represent estimated payroll expense for the remaining days in the fiscal year. These transactions will be reversed in the upcoming fiscal year.