SHARE

Payroll Processing Cycle - Step 2: Information Cut-off

To work out the appropriate time frame, the company will estimate the time needed for each step. This is illustrated in the example below:

step2 table1

 

After determining the time needed for each step, the company will be able to set the information cut-off date. For planning, it is recommended that the company should take into consideration weekends and public holidays. This is illustrated in the example below:

step2 table2