Calculating GL Entries for Pay Period that fall between Years

Hello, we are currently using HCM 9.2, Tools 8.59 and looking automate calculations for our GL entries for the last payroll of the year where the pay period falls between two years. For example, Pay period runs 12/27/2021 - 1/8/2021, and we would like to automate calculations for GL entries to split the expenses from the pay period into their corresponding year 2021 and 2022 for year-end accruals. We do not currently use Peoplesoft Finance. Is anyone aware of a module or configuration in Peoplesoft HCM that we could explore to meet this need? Our current process requires manual calculation be completed off payroll expense reports.

@Nicole Apostola Thanks so much, Nicole! I will check it out! I appreciate the insights!

@Meta Brugioni Commitment Accounting was built to work with PeopleSoft Financials/GL, but it is probably the closest to what you are looking for:
https://docs.oracle.com/cd/F40831_01/hcm92pbr38/eng/hcm/hhct/concept_ManageCommitmentAccountingOverview-e318ff.html?pli=ul_d88e25_hhct