Gross Pay Calculation Period

The pay period calendar is used to define the gross pay calculation periods.

Gross pay is calculated for a period which is specified by a pay period calendar, with a start date and an end date covering a number of months which default to 1.0, but which can be changed. For example, if you enter a start date of August 26, then the end date defaults to September 25.

To calculate gross pay, (N) denotes the length of the pay period of the compensation agreement, (A) denotes the amount of the Agreement, and (M) is a variable for the number of months in the calculation period (1.0 if the calculation period is 1 month). For gross pay, M is determined by the length of the period as defined in the pay period calendar.

Gross pay for the agreement is:

M * A / N.

For example, the gross pay for an agreement with a pay period of 2 months within a calculation pay period of 1 month is half of the amount per period as of the agreement.