Pay Day Rules

[Former Member]

Hi ALL ,

Can any one explain about Pay day rule in payroll with examples (any scenarios can be more advantage )

thanks in advance

Rupa Prasad

[former_member47879]

Pay day rule will specify the payment to the employee

It can last working day in that month or depends on company business process also

[Former Member]

Hi,

Please find the details below.

Payday rule: This field specifies how the payment date should be calculated for each payroll period.

Example: In your system, you use monthly payroll periods and want to define the 25th of the month as the payment day. Then you need to make the following entries:

Payment day rule: 4

Number of days: 25

That means that the payment day in every payroll period is not based on the length of the month of the 25th.

In your system, you use weekly payroll periods and want the payment day to come four days after the end of the payroll period. You make the following entries:

Payment day rule: 3

Number of days: 4

For example, for the period from May 29 until June 04 2000, the payment day is June 08 2000.

The following entries are available in the Syatem:

1. adds the number of days to the period start date

2. deducts the number of days from the period end date

3. adds the number to the period end date

4. monthly only - the number of days is used as the payment day

Hope this will help.

[Former Member]

Hi Rafiqh

thank so much for your reply but i need more information with scenarios if you can....

thanks in advance

Rupa Prasad

[Former Member]

HI Rupa,

take that urs payroll period is 01.12.2009 to 31.12.2009

now on which date u want to make the pament date depends on pay day rule

if u want to pay on 07.01.2010 u will select payday rule 3 and number of days 7

hoping this will help u to understand .

Regards,

Kapil Kaushal