Monthly Payroll Cut-Off Date Gets Extended

The payroll cutoff date at Playroll is getting extended from the 5th to the 10th every month! This provides employers with more flexibility to ensure timely payments when running payroll. Here’s what the change means for you.

Company Updates

Marcelle van Niekerk

October 21, 2024

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Key Takeaways

You asked, we listened! Your payroll experience should be as seamless and stress-free as possible. That’s why we’ve extended our payroll cutoff from the 5th to the 10th, giving you more flexibility to finalize crucial details like bonuses, expenses, and any last-minute adjustments.

At Playroll, we process a majority of our payroll in-house. This means you can submit adjustments closer to payday, ensuring faster turnarounds and accurate payments. Now you’ll have more time to manage your payroll without any hassle, and your employees get paid correctly and on time, every time.

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How Does The New Payroll Cutoff Date Work?

We use cutoff dates to finalize any adjustments in a given month’s payroll – this helps ensure the correct amount is processed. Starting in November 2024, our payroll cutoff date is moving to the 10th every month (23:59 PM, PST). This gives you extra time to submit and approve any changes in payroll, including:

Changes to base salary
Paid and unpaid time off
Adding bonuses or commission
Submitting changes in salary and employment terms
Approving new expenses for your team

After our cut-off date, payroll processing begins on the 11th. An invoice breakdown will be available by the 11th of each month. You can also request an out of cycle payroll request from your dedicated Customer Success Manager. Take note that this does cost an additional fee to process manual changes.

With this change, we want to make monthly payroll more flexible and stress-free, and cause less delays in seeing your payroll changes take effect – and, of course, make your employees happier along the way!

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What Does This Mean For Me?

We’re thrilled to offer you a little extra breathing room with our extended payroll cut-off dates. This added time allows you to fine-tune payroll inputs – whether it's bonuses, expenses, or other last-minute changes – without the rush. Our goal is to ease the pressure of payroll management, making sure everything runs smoothly and your employees are paid accurately. It’s all about creating a better payroll experience for you and your team.

Please note that this extension applies to employees on a monthly payroll cycle. If you have any questions, our support team at support@playroll.com is here to help!

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But Why Use Playroll For Payroll Operations?

If you're not already experiencing the benefits of Playroll’s global employment platform, now's the perfect time to start! We help businesses manage payroll across borders, ensure compliance with local laws, and streamline payments for global teams – all in one place. With our extended payroll cut-offs, you'll have the flexibility to make last-minute adjustments and ensure your employees are paid accurately and on time.

Plus, we’re here to tackle any global employment challenges that come your way, from navigating complex regulations to handling cross-border transactions effortlessly.

Curious how Playroll can streamline your payroll process? Connect with our experts to learn more!

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Cutoff Date FAQs

What does a cutoff date mean?

A cutoff date is the last day a specific task or transaction must be completed to be processed within a designated period. This term is commonly used in payroll, banking, and project management to ensure deadlines are met without delays.

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What happens if I miss the cutoff date?

If you miss the cutoff date, your task or transaction may not be processed until the next available cycle. In payroll, for example, if hours or bonuses are submitted late, they might be deferred to the following payroll run. With Playroll, customers can also request out of cycle payroll at an extra fee, to manually process changes made after the cutoff.

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