Pay periods define the frequency with which your payroll reports are run. You can choose from weekly, bi-weekly, four-weekly, monthly, twice-monthly or 4_4_5.
Please note: monthly and twice-monthly pay periods do not calculate overtime automatically.
To edit a pay period, go to your Account Settings and scroll down to Time & Attendance. Here you can click the 'Change Frequency' button.
Please note: changing your pay frequency will affect any past payroll reports and reset any calculations.