Summary

The general periods folder contains period- to-date tables and makeup tables that define your organisation pay cycles and accumulator cycles.

You must define a new set of periods and period-to-date tables when you install PayGlobal. You also need to define new period- to-date tables at the start of each financial year.

Example

Scenario

This example explains how monthly reporting is handled when pay cycles span more than one month.

• The organisation pays employees weekly, three days in arrears of the last day of the most recent pay cycle.
• Monthly reporting of wages liability is determined by the day of the month when the wages are banked or paid to the employee.

Monthly reporting

In this example pay cycles span three months:

Week #1 – 26/06/2009 to 02/07/2009, pay day 05/07/2009

Week #2 – 03/07/2009 to 09/07/2009, pay day 12/07/2009

Week #3 – 10/07/2009 to 16/07/2009, pay day 19/07/2009

Week #4 – 17/07/2009 to 23/07/2009, pay day 26/07/2009

Week #5 – 24/07/2009 to 30/07/2009, pay day 02/08/2009

The reporting month is treated as 26/06/2009 to 23/07/2009 for the month of July.

Week #1 is included in July because the liability is not incurred until the actual pay date (05/07/2009). The same logic applies to week #5. Even though the pay cycle is in July, the liability is not incurred until 02/08/2009. In terms of monthly reporting, week #5 belongs to August.