Running Payroll
      Back to home
      1. Corfix Guide
      2. Corfix Payroll
      3. Running Payroll

      Vacation Pay Calculation Timing

      This article will summarize Vacation Pay Calculations

      You can control how vacation pay is calculated by choosing which date determines when it’s included in a pay run. This ensures vacation pay aligns with your business’s preferred payroll and accounting process.

      This setting only affects when vacation pay is triggered in the pay run, not how it accrues.

      Your company Default Vacation Pay Rate can be set up on your Company Details page.

      1. My Account Details.
      2. Locate the pencil button to the right of Company Details.
      3. Scroll down to Default Vacation Pay Rate

      The rate inputted will be automatically applied to new workers during payroll setup.

      Where to find the setting

      1. Go to Business settings

      2. Click the Vacation pay tab

      3. Locate the Vacation pay calculation timing section
        This section includes a Calculation date dropdown

      Calculation date options

      Choose from the following options in the dropdown:

      Option

       

      Description

       

      Recommended for...

      Pay date (default)

      Vacation pay is included based on the date employees are paid

      Tracking payouts based on cash flow (when money leaves the business)

      Period start

      Vacation pay is based on the first day of the pay period

      Accruing vacation from the beginning of the work cycle

      Period end

      Vacation pay is calculated using the last day of the pay period

      Aligning vacation pay with the end of a worked period

      Save your selection

      Once you've chosen your preferred option, click Save to apply the setting. Future pay runs will use this timing to determine when vacation pay is included.