A pay period is a specified date range that an employer uses in the workplace to gauge employee hours worked in order to complete accurate payroll. A pay period can vary from weekly, bi-weekly, monthly, and semi-monthly. Businesses may choose a pay period over another that best fits their budget and employees. Plenty of mistakes can be made when setting up a pay period and workweek. For example, we all think of a week from a Monday to Monday or Friday to Friday, and so on. But when it comes to properly setting up a pay period this is not how it works. A specific pay period should reflect on a specified workweek. This can also be said when setting up paid time off PTO. Make sure PTO is setup for the same timeframe to reflect regular pay periods.

Different types of pay periods
Common pay period mistakes
To download W-2s or s, sign into your account. For W-2s or s, sign in. All customers will be put on 2-day payments when they begin running payroll with Gusto, and some customers will qualify for next-day payments. Payments run on a weekend or bank holiday will not begin processing until the following business day. Funds are deposited in your team's bank account by end of day.
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QuickBooks transmit your payroll 2 banking days prior to the paycheck date. Then, the funds will be posted to the employee's bank account as of 5 PM on the paycheck date. Although your bank process the Direct Deposit as early as Saturday, the payment will still reflect on Monday if you run the payroll on Thursday. If you encounter an issue when submitting direct deposit, you check this article for solutions: Resolve Direct Deposit Issues. Feel free to go back to this thread if have further questions with regards to payroll. I'll always have your back. Ok, thanks for the info. However, my plan give us direct deposit next day. So I would run payroll on a Friday for a Monday. So I am not sure why it is asking me to run payroll on Thursday.
Namely's powerful HR Software is built for mid-sized companies — designed to be used by everyone, every day. Your employees love when payday comes around. For every organization, payroll compensation distribution must be on time for employees to receive their wages. Yet, what happens when payday falls on a holiday or weekend?