Efficient Off-Cycle Payroll Management with CakeUp

Manage payroll cycles with precision by utilizing off-cycle payroll. This process is essential for handling payments such as reimbursements, bonuses, or settlements that fall outside the regular salary schedule. Through this guide, you will learn how to efficiently execute off-cycle payroll using CakeUp, ensuring timely and accurate disbursements.

Step 1

Understand the flexibility of payroll cycles, which vary across organizations. Many mid-sized and large enterprises operate on diverse cycles for regular salary and additional payments. For instance, a reimbursement cycle may span from the 16th of one month to the 15th of the next, while the standard salary cycle runs from the 1st to the 31st of the same month.

Step 2

Leverage CakeUp to execute off-cycle payroll, enabling the handling of expenses, bonuses, exit settlements, or any payments outside the regular payroll cycle. Begin by navigating to the specific payroll cycle where you intend to conduct the off-cycle payments.

Step 3

Initiate the process by clicking on 'Run Off-Cycle Payroll'. Select the items to include in this specific run. Assign a name to the off-cycle and determine the due date for disbursement.

Step 4

Choose the employees to be included in this off-cycle payroll and proceed to process their payments. Upon selection, you will have the option to add necessary payroll inputs. For example, any bonuses to be disbursed will appear in this section.

Step 5

If there are any expenses requiring reimbursement, they will appear in the 'Expenses' section. Once you finalize all inputs, save the details and proceed to process the payments, leading you to the final outcome.

Step 6

Take the opportunity to review all details by downloading the execute-to-file, ensuring the net pay is as expected. Lock these details to finalize the process. This method allows for efficient management of off-cycle payroll payments using CakeUp.

Step 7

The off-cycle payroll feature provides flexibility, enhanced control, expedited employee payouts, and improved transparency. Enjoy smooth processing of off-cycle payroll transactions.