![]() 1st period check date 3/15 for the week of 2/16-2/28.Paid the 15th and last day of each month (hourly employees) 2nd period check date 3/20 for the week of 3/1-3/15.1st period check date 3/5 for the week of 2/16-2/28.This pay period might end a week or two before the check date. If you pay employees hourly, then you may need time between the end of the pay period and the check date to calculate and pay hours worked. Paid the 5th and 20th of each month (hourly employees) 2nd period check date 3/15 for the week of 3/1-3/15.1st period check date 3/1 for the week of 2/16-2/28.You can also allow time between the end of the pay period and the check date. Paid on the 1st and 15th of each month (Salary) 2nd period check date 3/31 for the week of 3/16-3/31.1st period check date 3/15 for the week of 3/1-3/15.Salary employees generally make the same amount each month, so payroll can be processed before the end of the pay period so that employees are paid right away. Paid on the 15th and last day of each month (Salary) For these examples, our first check dates will be in the month of March. Let's look at a few common bi-weekly pay schedules, and how they work. Below you see that the 2nd pay period is three days longer in March than in February. Because each month may be between 28 and 31 days long, it's not as simple as ending on "the 31st of every month". One of the most complicated is semi-monthly. Whether you pay your employees weekly, bi-weekly, semi-monthly, or monthly, some of your pay periods may need to be a little flexible, and span different calendar days each month. What does "Previous Month End -5 Days" mean? It will apply to the current and all future months.īe sure to check your schedule under "P ay Periods" to make sure it's exactly as you expect it. Then, set the start and end dates for the second period of each month.īecause every month is a little different, for this second period, you can choose a specific calendar day up to the 28th day of the month, or choose up to 5 days before the end of the month. This is a great way to make sure your schedule is just how you want it.įor a semi-monthly pay frequency, choose the check date (first pay date), and the start and end dates for the period that check represents. It shows upcoming pay periods, check dates, and pay run deadlines for the next few months. Once you've entered this info, you'll see your pay schedule in the Pay Periods section on the right. Review your pay periods and important dates Unless you're an experienced time traveler, it's easy to get turned around thinking about check dates, and their pay periods, so here's a few examples of how each pay frequency might be set up, including how to see them on a calendar.įor both weekly and bi-weekly pay frequency, choose the check date (first pay date), and the start and end dates for the period which that check represents. Pay frequency, pay periods, and which schedule is right for you Note: Learn more about the differences of these pay periods in Pay periods defined. Remember that the last day of the period should be the day before the start of the next, not on the same day. While your options will vary depending on your chosen pay frequency, you will always need to choose the first check date, the date that pay period begins, and the date when it ends. Whatever you decide, keep it simple, and to make sure that you, and anyone running payroll for your company can easily pick the right schedule. But if you pay different teams in your company with different frequencies, the name could be based on team, such as "Management", or "Floor Techs". A bi-weekly schedule could be named simply "Bi-Weekly". The pay frequency determines how often your employees will be paid. The simplest and most common approach to naming your schedule is to use the pay frequency as the name. In the dashboard, expand the "Next Scheduled Pay Run" tile, and click +Add New. Some companies have more than one pay period, such as a bi-weekly payroll every other Friday for some employees, and a monthly payroll on the 1st of each month for owners and/or managers. It is recommended that you have a separate pay schedule for each of your company’s pay periods. Most companies pay everyone at the same time, and so have just one pay period. ![]() It also determines how frequently employees are paid. To check these requirements please visit the United States Department of Labor.Ī pay period is simply a recurring length of time for which an employee could be paid. Many states have pay schedule frequency requirements for employers, which can be dependent on the size of the company and the industry. Pay schedules determine how often you pay employees and/or contractors. Pay frequency, pay periods, and which schedule is right for you.Pay schedule requirements for employers.
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