What Is Bi-Weekly Payroll?

The employee who renders a service expects to be paid. The frequency of payment depends on the employer; however, many companies opt for a bi-weekly payroll.

Definition

When employees are paid every two weeks they are on a bi-weekly payroll. The actual day of payment is up to the employer.

Hours

With a bi-weekly payroll, hours are generally calculated based on the last two weeks worked. An employee who worked a full two weeks will generally be paid for 80 regular hours.

Salaried

Salaried employees on a bi-weekly payroll are paid the same amount every two weeks.

Taxes

Taxes are computed on a bi-weekly basis, and are deducted from the employee's check based on two weeks of pay. The employer's federal and state taxes are paid every two weeks as well.

Reports

Reports are balanced bi-weekly and each payroll's filing structure is set up to reflect two weeks worth of activity.

Preference

Most companies with salaried and hourly employees tend to go with a bi-weekly payroll as it is easier to process both pay groups during a bi-weekly payroll run.

References

• Bi-weekly Payroll Accrual Month-end Process
• Payroll -- Bi-weekly vs. Semi-monthly