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Payroll Mode Codes Table
Overview
Fields on the Payroll Mode Codes Table
- Pay
Frequency. Use
the field for Pay Frequency to
indicate how often paychecks are processed.
- Annual
Payrolls (not editable). The
number of Annual Payrolls is the
number of scheduled pay periods in one year for payroll tax purposes.
This should correspond to the Pay Frequency selected.
When a new Payroll Mode Code is added, and a
Pay Frequency is selected, the number of Annual Payrolls is populated
based on the Pay Frequency selected.
- Pay Amount Mode. Use
the Pay Amount Mode drop down
list box to select how the pay amounts will show. Enter the Pay
Period Hours according to the quantity of hours per pay period
according to the Pay Amount Mode
selection.
- Payroll
Mode Hours. Enter
the Payroll Mode Hours to define
the number of hours per pay amount that shows according to the selection
in the Pay Amount Mode field.
- Pay
Period Hours. The
Pay Period Hours represent the
normal number of hours worked in that pay period for full-time work.
- Pay
Mode Period Hours. In
contrast, the Pay Mode Period Hours
are the number of hours paid by the Pay Amount Mode.
Examples
The Payroll Mode Code can be dissected into two parts, pay frequency and pay
amount mode.
BIWEEKHOUR is for
a bi-weekly pay frequency and an employee with an hourly pay amount, such
as $10. BIWEEKHOUR normally has the following:
- Annual payrolls
is typically defined to tax on 26 pay periods, since 52/2 = 26 pay periods.
A Payroll Service Representative can adjust this based on where the check
dates fall within the year.
- Pay frequency is
biweekly, so the Pay Period Hours
should have 80.00 entered.
- Pay amount mode
is Hourly, so Pay Mode Period Hours
field should have 1.00 entered.
BIWEEKLY is for a
bi-weekly pay frequency and an employee with a bi-weekly pay amount such
as $1,000. BIWEEKLY normally has the following:
- Annual payrolls
is typically defined to tax on 26 pay periods, since 52/2 = 26 pay periods.
- The pay amount
mode is biweekly. Since bi-weekly pay amounts are for two weeks of pay
and a full-time week is 40 hours, the "pay mode period hours"
for biweekly equals 80 hours. The Pay
Mode Period Hours field has 80.00 entered.
- Pay frequency is
biweekly, so the Pay Period Hours
has 80.00 entered.
WEEKHOUR is for a
weekly pay frequency and an employee with an hourly pay amount.
WEEKLY
normally has the following:
- The number of Annual
Payrolls is defined as 52 because there are 52 weeks are in a year.
- Pay amount mode
is hourly, so the Pay Mode Period Hours
field has 1.00 entered.
- Pay frequency is
weekly, so the Pay Period Hours
field has 40.00 entered.