Summary

Periods records define the pay periods for your organisation, such as weekly and monthly. They contain Period Calendars records that are attached to period-to-date records to define the accumulators for each pay period.

Periods can be weekly, fortnightly, 4-weekly, bi-monthly (twice a month) or monthly.

Opening a pay period

The first step in paying an employee is to Open a Pay Period. Pay periods are either standard or manual. Opening a standard pay period creates these pre-set transactions:

• Salaried transactions
• Permanent transactions
• Leave for casual employees.

Opening a pay period sets accumulators, and you can then enter transactions.

Accumulators

Accumulators are used for reporting and costing purposes. They are set in the following entities and must be completed before setting up periods.

• Period-to-date
• Month-to-date
• Year-to-date
• Tax Period-to-date
• Financial Year-to-date
• Superannuation Period to-date.