A pay cycle determines how often you pay your staff members. This article will guide you through the steps to set up your pay cycle.
Things to know:
- The option to set up a pay cycle is controlled by the "Track compensation by staff member?" setting
- You can configure the starting day of the pay cycle and how often the staff member will be paid (e.g., weekly, monthly, etc.).
- The pay cycle is set per account. Therefore, once established, it will apply to all staff members and locations associated with the account.
Configuring Your Pay Cycle
- Navigate to Business Setup > Settings
- Scroll down to the staff section
- Toggle the "Track Compensation By Staff Member?" setting to YES
- Additional fields will be displayed where you can specify the start date of your pay cycle, choose the day of the week it should begin, and set the cycle frequency to weekly, bi-weekly, monthly, or for the 1st to 15th and 16th to the end of the month.
- After configuring your pay cycle, scroll to the bottom of the settings page and click on "Save"
For more information, contact us at support@mytime.com.