Thank you for reaching out, Nancy.
Your lead time impacts payroll processing and pay dates. It is crucial to determine when your employees will receive their payments. Let’s take a closer look at how different lead times can affect your ability to adjust pay dates.
So if you have a 2-day lead time, you can successfully set the pay date to December 31st, 2024, provided that the payroll is submitted before 5 PM PT on Friday, December 27th. However, if your lead time extends to 5 days, the situation changes. In that case, submitting payroll on December 27th would mean your employees won't receive their pay until the following Friday.
Direct deposit simplifies payroll management for businesses, as it reduces the likelihood of payroll errors and administrative burdens associated with paper checks. For more information, refer to this article: When to send your direct deposit payroll.
Additionally, running payroll reports provides detailed insights into employee hours, wages, and deductions, helping to ensure that payroll calculations are accurate and reducing the risk of errors.
Please take a moment to look over the information about direct deposit and how payroll reports can improve your processes. If you have any questions or need help with these options, feel free to reach out. We're here to support you in making payroll easy for your team. Have a great day!
