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Apr 22, 2015 at 12:17 AM

27 pay period in a year - question on month end accrual

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Hi experts,

The question is for adding an extra pay period to the current year 2015 (Canadian payroll). All employees in all payroll areas are hourly and paid bi-weekly. There are no salary/exempt group. PP 01/2016 pay date is Jan 01, 2016 which is a holiday hence the employees are to be paid on Dec 31, 2015. This makes the pay period as 27/2015 instead of 01/2016. Entries in T549Q and T549S are not changed as above. I am wondering whether there will be any impact on month end accruals if this change is made now. Appreciate the feedback.

Thanks

Joe