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Payment cycle
A payment cycle refers to the interval of time from the end of one payment date to the next.
A payment cycle refers to the interval of time from the end of one payment date to the next. Typical payment cycles are usually weekly, bi-weekly, every 15 days, or monthly. Within a payment cycle, the following dates will occur: first day of payment cycle, last day of payment cycle, cutoff date to submit information for previous cycle, pay date.
Related Glossaries
Tax collection
A tax collection is the act of collecting the taxes owing.
Contractor
A contract employee (or self-employed worker) is not considered a permanent employee.
PTO
PTO stands for Paid Time Off.
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