Use this program to enter and maintain information regarding pay cycles. You can set up as many pay cycles as needed. For example, a company can have a weekly pay cycle for hourly employees, a semimonthly for salaried employees, a monthly (commission) for salespeople and a bonus pay cycle. Employees are set up in the appropriate pay cycles in the Employee Pay Cycle F/M program. One employee can be set up in as many pay cycles as needed. For example, if an employee’s compensation plan is salary plus commission, that employee can be set up in the semimonthly pay cycle and the monthly pay cycle. The same employee might also perhaps be set up in the bonus pay cycle.
Information in this file is used by the system to ensure that all payrolls are handled in the proper time period. Usage flags for earnings and deductions determine which categories are used in each pay cycle. For example, if commission is an earnings code, it might only be applicable to the monthly pay cycles where commissions are paid. Weekly and semimonthly employees are not eligible to receive commission during those pay cycles.
Click field descriptions for information on each field.
For more information how to use maintenances, refer to this topic.