Business Glossary

Pay Cycle

The number of pays per year employees in the pay group will receive.

Pay Doc Code

Code associated with a Payment Document

Pay Frequency

Displays the frequency of pay which is determined by Factor over pay.

Pay Group Code

Identifier for Pay Group Code

Payment Amount

The amount of the payment reflected for the student's agency contract

Payment Apply Date

The date the cash application was applied.

Payment Check ID

Uniquely identifies a check number

Payment Currency Code

Identifier for Payment Currency Code

Payment Date

The date the payment was issued to the bank.

Payment Due Days

Number of days until the payment is due.

Payment GL Date

The date the payment transaction was posted to the General Ledger

Payment Number

Checks may be paid over multiple payments. This payment number will usually be 1.

Payments Involving Services

This category is defined as payments made with respect to teaching, research and/or other activities performed for the benefit of the University, including activities for the University that may be associated with the student’s course of study and educational experience. These payments are considered to be taxable to the recipients, and the University is required to withhold federal and state taxes and report such payments to the IRS. (In the case of international students, different withholding and reporting rules apply.) Individuals who engage in such teaching, research and/or similar activities shall not be paid for these efforts through a tuition credit on their student account or by being awarded a stipend, although their total support package may include a tuition award and/or a stipend.

Payment Status

Payment status of invoice

Payment Status Flag

Designates when the payment for the record is fully processed and applied.

Payment Tax Year

The tax year that the payment was made.

Payment Type

Method of payment receipt

Payment Type

Describes the form of payment used to make the gift. Examples include cash, check, credit card, EFT, gift-in-kind, and securities.

Payment Type

Payment Type

Payment Type

Pay No

Identifies the pay number of this transaction

Pay Period

Uses as an explicit form of description of a Pay Period of an employee that contains the start date until the end date of an accounting period. Example: FROM 05/01/2023 to 05/31/2023

Payroll Accrual Description

Description is created by concatenating the following values: [PERIOD_NAME] + " Payroll and Fringe Benefit Accrual (Basis = " + [BW] + ", " + [Workdays Accrued] + " Days Accrued)"

Payroll Deduction Month

The Month for the Payroll Deduction.

Payroll Deduction Year

The Year for the Payroll Deduction.