Biweekly Payroll Calendar – A biweekly payroll calendar is a monthly-based employee payroll calendar used by most small businesses. This calendar, as the name implies, works on a bi-monthly schedule. In this way, it could be used by any business, from the smallest to the largest, that needs to keep track of the monthly salary amounts of its employees.
Payroll calendars are used because they enable the employer to keep a strict record of how each and every one of his employees’ time is spent at the workplace. It is essential for any business to keep an exact record of the expenses incurred on the employees’ wages and salaries. This helps the employer save money, especially when he wants to calculate the total amount of expenses he has incurred over the last month.
Employees will get 27 paychecks per year with a biweekly payment schedule. Depending on the calendar year, there are sometimes 27 pay periods, which can increase payroll costs. Both hourly and salaried employees may receive biweekly pay
It is an important tool that businesses could not do without these days, and the biweekly payroll calendar is the perfect example of how the best of small businesses would benefit from these tools. They are now not just a necessary part of any small business, but can also become a beneficial asset.