What is a Pay Period?

What is a Pay Period?

When an employee is paid, his pay represents the work he has done for a certain period of time.  This is called the Pay Period, and can be set up when creating a payroll group.  

The amount of days in a Pay Period is determined by the pay frequency of the payroll group, as follows:

  • a payroll group with a weekly pay frequency will have pay periods that last one week
  • a payroll group with a fortnightly pay frequency will have pay periods that last two weeks
  • a payroll group with a semi-monthly pay frequency will have pay periods that last 15 days
  • a payroll group with a monthly pay frequency will have pay periods that last one month.

To determine your pay period, go to Company Setup>Payroll>Payroll Group>Add Payroll Group.  The Payroll Group creation page will pop up.

Select a Pay Frequency and then enter the Pay Period Start and End Dates of your Pay Period for semi-monthly pay frequencies, or the Pay Period End Date for weekly, fornightly and monthly pay frequencies. Also enter the First Pay Run Date.  This is the date when you will pay your employees.

The Payroll Calendar will generate to the right and here, you can verify if the pay periods are correct based on the Pay Period Start and End dates you entered.

 

    • Related Articles

    • What is a Pay Run?

      A Pay Run is the date when you will disburse salaries to your employees.  It will always correspond to a designated Pay Period, which you can determine when you set up a payroll group.  You can view the dates of your pay runs and corresponding pay ...
    • Computing Final Pay for a Resigned or Terminated Employee

      When an employee resigns or is terminated, Salarium can automatically compute the withholding tax for the current year to determine if there is tax outstanding that should be paid by the employee. Bonuses, leave conversions and outstanding loans can ...
    • How can I pay my Monthly Subscription via DragonPay Over The Counter?

      A Billing Cycle is the period of time you use Salarium. It starts with the day you sign up and ends after 29 days, for a total of 30 days. A Grace Period of 10 days is given after the end of your billing cycle for payments.  Billing is postpaid; you ...
    • How can I pay my Monthly Subscription via Credit Card using PayPal?

      A Billing Cycle is the period of time you use Salarium. It starts with the day you sign up and ends after 29 days, for a total of 30 days. A Grace Period of 10 days is given after the end of your billing cycle for payments.  Billing is postpaid; you ...
    • How can I set up a device passcode on the SAL Pay app?

      After logging in to the SAL Pay app, you will be required to set a passcode for your device.  Enter a 4-digit passcode and hit Enter. You will receive a confirmation message that your passcode has been set. The SAL Pay app will lock whenever you ...