Pay Cycle Processing
A pay cycle is the means by which employees’ pay is calculated each pay period.
There are two different types of pay cycle that can be carried out:
- A standard pay cycle is the means by which employees are usually paid. Each employee is included in one standard pay cycle each pay period.
- A supplementary pay cycle can be used if additional payments to employees are required after the standard pay cycle is terminated and before the next standard pay cycle is due. You can run as many supplementary pay cycles as you require.
The following topics describe the procedures for running the payroll routines:
Note: In addition to the items listed above, there is also a Currency Display facility. It enables you to view information relating to employee payslips that date back as long as you have been using the system.