v7 FreeBalance Help

Overview

Pay period management allows the user to accommodate to the numerous pay structures and monitor them effectively.

Use the Pay Code function when dealing with the different types of pay and their associated pay periods. Pay Code allows the user to make managerial decision when all required data is available in an organized fashion within one user screen. A new pay code can be created here and existing pay codes can be modified and deleted. This function is a key feature when dealing with payroll management amongst many employees in an organization. Every pay implemented has an assigned code which will then display information about that pay. For example, working hours of the employee, works days per week and other additional information is displayed when a pay code is searched. This information can also be added when creating a new pay code. Refer to Pay Code  for more details.

Payment schedules may vary from one employee to the next. Organizations can have numerous pay schedules in which each employee is linked to.  In order to accommodate for these schedules, Pay Period Management outlines this information. Once the information on the schedules is defined, the implementation and payment procedure will be carried out more effectively and accurately.