Pay Schedules Archives - Patriot Software

Pay Schedules Archives - Patriot Software Fri, 01 Nov 2024 17:53:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://www.patriotsoftware.com/wp-content/uploads/2020/01/cropped-site-favicon-32x32.png Pay Schedules Archives - Patriot Software 32 32 How to Calculate Hours Worked for Payroll [+ Tools to Use] https://www.patriotsoftware.com/blog/payroll/how-to-calculate-hours-worked-for-payroll/ Fri, 17 May 2024 18:01:39 +0000 https://www.patriotsoftware.com/?p=68240

Restaurant owner calculates hours worked for her employees.

You must know each employee’s hours worked to run payroll. To do that, you must calculate hours worked. So, what does the process of calculating hours worked look like? Learn how to calculate hours worked step-by-step below, plus get an in-depth example. *I don’t want to do the calculations. Show me how software can do […]

]]> Payroll Cutoffs: Best Practices to Pay Your Employees on Time https://www.patriotsoftware.com/blog/payroll/payroll-cutoff/ Wed, 08 May 2024 19:43:25 +0000 https://www.patriotsoftware.com/?p=68135

Employer marking their calendar for payroll cutoffs and pay dates.

Paying your employees on time is essential, especially because 62% of Americans live paycheck to paycheck. Plus, many state pay frequency requirements regulate when you pay employees. Understand payroll cutoffs to pay your team on time, every time. So, what is a “payroll cutoff?” What is a payroll cutoff? A payroll cutoff is the date […]

]]> How Will Leap Year Payroll Impact Your Business in 2024? https://www.patriotsoftware.com/blog/payroll/leap-year-payroll/ Tue, 27 Feb 2024 15:24:00 +0000 https://www.patriotsoftware.com/?p=48820

Every four years, February magically has 29 days instead of 28. Ok, so maybe it’s not magic. But it is a leap year. And when leap year rolls around every four years, your business needs to be prepared. Read on to learn about leap year payroll and steps for handling payroll during a leap year. […]

]]> Calculating Overtime for Semimonthly Pay Periods https://www.patriotsoftware.com/blog/payroll/calculating-overtime-semimonthly-pay-periods/ Thu, 13 Apr 2023 18:30:11 +0000 https://www.patriotsoftware.com/?p=62241

Eighteen percent of businesses pay employees semimonthly. If you use semimonthly pay periods and have nonexempt employees who work overtime, read on. We’ll break down calculating overtime for semimonthly pay periods (complete with examples!). What is a semimonthly pay period? Semimonthly pay is a type of pay frequency where employers pay employees twice per month. […]

]]> Must-know Pay Frequency Requirements by State https://www.patriotsoftware.com/blog/payroll/pay-frequency-requirements-state-federal/ Thu, 09 Mar 2023 15:42:00 +0000 https://pslohio.wpengine.com/uncategorized/pay-frequency-requirements-state-federal/

How often do you need to pay your employees? When you choose a paycheck frequency for your business, you need to follow state and federal payment laws. Learn about pay frequency requirements by state and federal payday laws. State and federal pay frequency requirements To stay compliant, you must know federal and state pay frequency […]

]]> What Is a Workweek? https://www.patriotsoftware.com/blog/payroll/how-to-determine-a-workweek-and-employee-pay/ Tue, 11 Oct 2022 14:00:00 +0000 https://pslohio.wpengine.com/uncategorized/how-to-determine-a-workweek-and-employee-pay/

Let’s say your employees come to work Monday through Friday. They don’t work at all on Saturday and Sunday. Monday through Friday is their workweek, right? Not when it comes to the Fair Labor Standards Act (FLSA) and your payroll. For payroll, there are no such things as business days and weekends. Every day must […]

]]> Can Employees Be Paid Quarterly? https://www.patriotsoftware.com/blog/payroll/employees-paid-quarterly/ Tue, 04 Oct 2022 18:38:42 +0000 https://pslohio.wpengine.com/uncategorized/employees-paid-quarterly/

When you’re trying to decide how often to pay employees, you’ll realize there are several options. Common pay frequencies include weekly, biweekly, semi-monthly, and monthly. But, you might be wondering if your employees can be paid quarterly. Is a quarterly payment schedule legal? Federal laws do not mandate how frequently you must pay employees. However, […]

]]> Bimonthly Payroll: What Does Bimonthly Pay Mean? https://www.patriotsoftware.com/blog/payroll/bimonthly-payroll-definition-rules/ Fri, 02 Sep 2022 20:35:00 +0000 https://pslohio.wpengine.com/uncategorized/bimonthly-payroll-definition-rules/

Hanging calendar with sticky notes at the bottom.

You’re trying to figure out a decent pay frequency for your business. There are a number of popular options, like weekly payroll, and some that are a little more out there, like bimonthly payroll. Have you ever heard of bimonthly payroll? If you have, would you consider it for your small business? You may not […]

]]> Biweekly vs. Semimonthly Payroll: Understand the Difference https://www.patriotsoftware.com/blog/payroll/biweekly-vs-semimonthly-payroll/ Wed, 31 Aug 2022 17:43:00 +0000 https://pslohio.wpengine.com/uncategorized/biweekly-vs-semimonthly-payroll/

Calculator, pencils, and papers on a desk.

Deciding on a pay frequency for your small business is an important decision. Your pay frequency determines how often you process payroll and when employees receive their paychecks. Two popular, yet easily confused, pay periods are biweekly and semimonthly. Knowing the difference between biweekly vs. semimonthly payroll can prevent financial setbacks, keep your business legally […]

]]> Pay Frequency: How Often Should I Pay My Employees? https://www.patriotsoftware.com/blog/payroll/pay-frequency/ Mon, 01 Aug 2022 19:20:00 +0000 https://pslohio.wpengine.com/uncategorized/pay-frequency/

Cell phone with a calendar on it, showing pay frequency.

Pay frequency is one of the first decisions you must make when you hire your first employee. If you haven’t thought about payroll frequency, now’s the time to start. Employee satisfaction, legal compliance, and cash flow may depend on it. If you’re asking yourself what is pay frequency, no worries. You’re likely already familiar with […]

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