Payroll Period
From WikiTSheets
Does your organization process payroll on a semi-monthly basis? Do you also have to calculate overtime? Then you’re going to love the "Week Starts On" and "Payroll Periods" features of TSheets!
[edit] Getting Started
Now within your TSheets account preferences you may specify what day you want your week to start on, and what you want your payroll period to be. For example, you could specify that you have a semi-monthly payroll period; the first period ending on the 14th and the second payroll period ending at month-end. And you can specify that your week starts on Monday. How these settings affect reports is best illustrated by some pictures.
As you can see, overtime must be calculated based on the total hours for a given work week, and should be independent of what your payroll period start and end dates are. Most companies process their payroll on a bi-weekly basis specifically so that they can avoid this kind of confusing calculation. But if you have semi-monthly pay periods - or you want the ability to put in an arbitrary set of reporting dates, set the ‘Week Starts On’ appropriately for your account and TSheets will make sure that overtime calculations are handled appropriately.
[edit] Accessing These Features
These features must be set by an administrator on the account.
[edit] How To:
- Open "Company Settings" by clicking on the icon under "My Menu".
- Click on Advanced in the bar on the left hand side of the "Company Settings" box.
- Click on the "Report Options" tab.
- At this point you may choose to set either the Payroll Period, Week Start Date, or both.
- Make sure you save your changes before exiting "Company Settings".
If your payroll period doesn't fit into any of the categories that we offer, no worries, TSheets can provide a custom pay period for you. Just contact us so we can set it up for you!
