Field Description - Scheduled Periods

You can specify up to six Scheduled Periods for running payrolls.  For example, if you pay all employees weekly, you will need at least five periods (five payroll runs) in some months of the year.  If you pay twice per month, you may only use periods 1 and 2.  Some installations use the sixth period for special payroll runs, such as for bonus payments.

Note:  You can specify default scheduled periods during the master maintenance programs for deductions, fringe benefits, and other pays.  You can override the default schedule periods during Employee Master Maintenance.

Format:  1 character (predefined Y or N)