How Do You Make A Timeline For Payroll Dates?
When you have employees, you will need to prepare a schedule for paying them. Employees need to know their paycheck dates so they can pay their bills, just as your company has to count on accounts receivables to be able to pay corporate bills. Setting up a schedule for when you will issue payroll checks can help you and your employees plan more effectively. Step 1 Create a spreadsheet or post a large 12-month wall calendar on which you can write payroll dates. You can use a simple software program such as Microsoft Excel to create columns and rows to indicate dates and days of the week. Step 2 Determine how often you will pay your employees. Weekly, biweekly or monthly pay dates are common among most businesses. The most common day of the week for paydays is Friday. Step 3 For 26 paydays a year, set up payroll dates every two weeks. Note that when using this method, some months will have two paydays and some will have three. Step 4 For monthly paydays, choose a specific date, or choose
