Before onboarding employees and generating payroll, a payment period is one of the details that need to be created to ensure a smooth process in an overall e-payroll generation process.
Payment Period is used to set the payroll’s payment period, based on the employees’ Payment Date. Additionally, this setup configures the overtime period, enabling the system to calculate and include overtime payments within the designated payroll cycle.
Head to Settings on the sidebar > Payroll Settings.
Click New Period to create a new payment period.
Write the period Name, then choose the Assign Company and Type of payment.
Click the + button to add another period within the same period. To choose the payment date, drag the purple $ sign.
If you have a different OT Payment Period, click Customise and drag the ||| button to set the needed date.
Click Submit once done