How to Set Up Pay Periods to Work With Pay Dates

A pay period is a specified date range an employer specifies in the workplace to gauge employee hours worked in order to complete accurate payroll. A pay period can vary from weekly, biweekly, monthly, and semimonthly. Businesses often select a pay period based on how it fits their budgets and operational needs.Common Pay Period MistakesPlenty of mistakes can be made when setting up a pay period and workweek. For example, we all think of a week as a seven-day event, typically running from Monday to Monday or Friday to Friday. But when it comes to properly setting up a pay period, this is not always how it works. A specific pay period should reflect on a specified workweek. This can also be said when setting up paid time off (PTO). Make sure PTO is setup for the same timeframe to reflect regular pay periods.Some employers commonly miscalculate a workweek to determine a pay period. A workweek is described as a seven-day consecutive period in which an employee works. If your working week...