Customize Your Pay Cycle

Modified on Wed, 16 Jul at 4:03 PM

A pay cycle determines how often your staff members are paid. This article provides step-by-step instructions on how to configure your pay cycle in MyTime.

Things to know:

The ability to access your business' pay cycle is controlled by the 'Accessing Account Settings' access control settings.
The ability to set up a pay cycle is controlled by the "Track Compensation By Staff Member?" setting.
For franchise businesses, this setting is controlled at the child level, not the parent account.
You can configure the starting day of the pay cycle and specify how often staff members will be paid (e.g., weekly, bi-weekly, monthly, or split monthly).
The pay cycle is set at the account level. Once configured, it will apply to all staff members and locations associated with the account.
Once established, the configured pay cycle will be visible on staff profiles under the "Compensation Reporting" section, beneath the Payroll Type.
The pay cycle data is reflected in the Compensation report
Changing the pay cycle setting will update the compensation report and the compensation information displayed on the staff profile in the Payroll Type section

Configuring Your Pay Cycle

To configure 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 appear, allowing you to:
- Specify the start date of the pay cycle
- Choose the day of the week the cycle should begin
- Set the frequency to weekly, bi-weekly, monthly, or 1st-15th and 16th-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.

Related Articles:

Daily Compensation Report

Compensation (by Pay Cycle) Report

Set up Compensation for Staff Members

Compensation for Services

Compensation for Classes/Events

Compensation on Product Sales