Bi-Weekly Pay Schedule

- Updated on October 13, 2021 - 11:00 AM by Admin, 123PayStubs

Before you begin running your payroll, it’s crucial you choose a payment schedule. Your pay schedule determines the length of your pay period and how often you pay your employees. There are four common pay schedules including weekly, biweekly, semi-monthly,
and monthly.

A bi-weekly pay schedule is a very common option. On a biweekly schedule, you receive a paycheck every other week. Typically, your employer distributes paystubs on the same day every pay week, usually a Friday.

What is a Bi-weekly Pay Schedule?

When you pay employees every other week, it is considered bi-weekly pay. If you operate on a biweekly pay schedule, your employees will receive their paychecks on the same day each pay period. Typically, employers choose to pay employees every other Friday. With a biweekly pay schedule, employees will receive a total of 26 checks per year. Most months have two pay periods, but two months of the year will have three.

What is the difference between a bi-weekly and semi-monthly
pay schedule?

Under a semi-monthly pay schedule, employees are consistently paid twice per month, or 24 times per year. In a bi-weekly pay schedule, employees are paid 26 times per year. Another difference between bi-weekly and semi-monthly pay schedules is the payday. For bi-weekly, employees are typically paid every other Friday. For semi-monthly, employers typically choose the 1st and 15th or 15th and 30th of each month to pay employees. This means the actual day employees get
paid varies.

How do you calculate bi-weekly payroll?

As an example, let’s say you are a salaried employee that makes $50,000 annually. On a biweekly pay schedule, your $50,000 annual pay is divided between 26 pay cycles. Therefore, each paycheck you receive will be for $1,923.08 every other week before deductions.

Create Pay Stubs with 123PayStubs in Minutes

If you are using a bi-weekly pay schedule, your employees will receive 26 pay stubs per year. That may seem like a lot, but with the help of an online
pay stub generator, creating pay stubs is simple and efficient. Employers can use 123PayStubs to create quality pay stub templates with guaranteed accuracy in a matter of minutes.

Sign up today with 123PayStubs and get your first pay stub for free. Also pay the lowest price($3.99) from the
second paystub.

Still have questions about our online paystub generator?

Reach out our customer support team by chat or email for any questions that you may have regarding our paystub generator.

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