Asked in Payroll Services
What is a payroll creep?
Asked in Payroll Services
Name of the occupation that does payroll?
There are many job functions in payroll. In a small company, the owner's wife may be the office manager which includes calculating and writing payroll checks and paying taxes. In a larger company, there may be a payroll clerk who reports to an accountant, or a payroll department with a Payroll Director, a Payroll Manager, many payroll supervisors, payroll specialists and payroll clerks. Each has different job functions. The payroll process can be housed in Accounting or in Human Resources.
Asked in Law & Legal Issues
What are the legal consequences of forging a W-2?
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Asked in Earth Sciences
Why is creep a good name for the type of mass movement?
Asked in Business & Finance
What is payroll creep?
It is when you have a bi-weekly payroll cycle with an extra pay period in one year due to the addition of leap year days over time; 27 paydates vs. 26. I believe it is every 11 years for bi-weekly payroll cycles, give or take a year depending on if your pay check date lands on a holiday at year end. Weekly payroll cycles can also be affected with an extra paycheck in a year due to the 'date creep' with leap years. There are various optoins on how to handle this for the employer, but several factors to take into consideration before deciding on which steps, if any, you'll take to accomodate the 27th pay period. The year following a 27 pay period year will not have one less pay period, 25, but the usual 26. There are some blogs and Q & A posts on the web that are easily searchable.