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Question on Payroll Periods

former_member32001
Product and Topic Expert
Product and Topic Expert
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249

Hi,

Is it always mandatory to have monthly payroll period as first day of the calendar month?

Can it start for example from 26th of the previous month to 25th of the current month?

Would you please help list the benefits of having first day of the calendar month till month end versus having 26th of the previous month till 25th of current month as payroll periods.

Is there any impact on any reporting or configuration if payroll period is between 26th of previous month to 25th of current month.

Note: Inlegacy system the period is currently being followed as 26th to 25th. There is no issue from FI side to have this date also no issue from any Legal aspect.

Best regards,

Sanjay

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former_member32001
Product and Topic Expert
Product and Topic Expert
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Hi All,

Note: This is not for India Payroll.

And customer says he does not have issue with the days from 26th till 31st December coming to next Financial year.

They have financial year from January till December. And these 6 days in December is considerered to next Financial year and Customer say this is not a issue for them.

Regards,

Sanjay

Sujith_EM
Active Contributor
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If it is dubai there is not that much problem with the period which you mentioned.You can go ahead with AS IS.....

Please check with social security and pension calculation have any effect because of this.

But this is the right time to get it into a standard way  first to end of the month. If you can convince client then it is better to go with first to end of the month.