Changing Pay cycles
Hi We use AccountRight Premier. We want to change from a fortnightly payroll cycle to a monthly payroll cycle and we would like to do this at the end of the 2019 financial year. So, the last ...
HI stevet
In terms of things to keep an eye on when changing the pay frequency, one of the big ones would be the entitlement calculations, particularly if the employees are on a salary basis. As most entitlements for salaried employees will be a fixed amount per pay period, if the pay period increased this would cause an imbalance in the amount of the entitlement that the employee will receive.
