In transmittals, the pay period refers to the specific range of dates during which employees performed work or earned wages that are being processed for payment.
Calculate Transmittals, Pay period
Key points:
Timeframe. It could be monthly, quarterly, annually, and so on.
Purpose. Identifies the span of days for which the transmittal calculation is being made.
In a payroll transmittal (often sent to a health insurance or benefit provider), the pay period helps ensure the correct wages, taxes, and deductions are calculated and reported for the right time span.
The pay period number is the number assigned to each pay period in a calendar or fiscal year. It helps organize and track payrolls throughout the year. Calculate Transmittals, Pay period number Examples: If your organization runs biweekly payrolls, ...
In payroll transmittals, transmittal checks refer to payments issued to third parties on behalf of employees or the employer, typically covering payroll-related deductions or liabilities. These are not employee payroll checks, but rather checks sent ...
Issue I am calculating benefits that have already been calculated, but this warning message keeps popping up. It says, "Benefits and transmittals have already been calculated for the selected pay period range." How do I fix it? Warning Explanation In ...
In payroll transmittals, the entry type refers to the category or classification of a payroll-related transaction recorded in the journal entry. It indicates the nature of the payroll item being reported. Check entry types include Exception. Entering ...
In payroll transmittals, the transmittal detail is the section that provides a breakdown of all payroll transmittal-related transactions for a specific pay period. It itemizes how gross pay is distributed, what deductions are made, and how payments ...