Types of pay schedules

Updated 2 years ago by Elliot Ngai

Your payroll schedule is a combination of two pieces of info - your pay period and your pay date. The pay period is the amount of days your employee worked. The pay date is the day they receive their wages for the pay period. If there is a delay between your pay period and your pay date, this is called paying in arrears. 

With Knit, you can pay your employees on one of the following schedules

  • Weekly: Every week on a specific day of the week (52 payrolls per year). Example: every Friday.
  • Bi-Weekly: Every two weeks on a specific day of the week (26 payrolls per year). Example: every other Friday.
  • Semi-Monthly: Twice per month on two specific dates of the month (24 payrolls per year). Example: the 15th and the last day of the month.
  • Monthly: Every month on a specific date of the month (12 payrolls per year). Example: on the 26th.

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