For salaried employees, use Monthly pay rates to pay your workers the right fraction every month. Divide the annual salary by 12 to get the correct monthly payment. To add Monthly pay rate:
- Click Add Pay Rate button
- For Pay Rate Unit, select Month for monthly pay
- In the field
where n =enter the day of the month you want to record the earning. We recommend 1 for the first day of the month. - Click Add Pay Rate to save
- Update Payroll
When you Update Payroll and switch to the Payroll By Worker tab, you will see a line entry for monthly pay.