How does Workday determine which fiscal year fringe rate to apply to a payroll result?

Workday evaluates the pay period end date on a payroll result to determine the fringe rate to apply as part of a fringe benefit journal.   

Example – 05/25/2023 - 06/24/2023 Academic Monthly 

Fiscal Period Posting = Jul - FY2023-2024 

Fringe Rate Applied = FY2022-2023 (because the pay period end date is 6/24/2023, which is in FY2022-2023) 

This behavior is similar to Oracle where the expenditure item date (which was typically the pay period end date) was used to determine the fringe rate to apply during the burdening process.