Pay period

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Pay period (alternatively known as payroll period; hereinafter, the Period) is a length of time used by an employer to calculate the amount of an employee's earnings. Pay periods can be daily, weekly, biweekly (once every 2 weeks), semimonthly (twice each month), monthly, quarterly, or annually.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Pay period (payroll period). A length of time used by an employer to calculate the amount of an employee's earnings. Pay periods can be daily, weekly, biweekly (once every 2 weeks), semimonthly (twice each month), monthly, quarterly, or annually.

Related concepts

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