Calculations in a 13-Period Calendar

If Workforce is set up for a 13-period calendar (instead of a 12-month calendar), learn about how component calculations interact with 13 periods.

About Calendar Year payment terms and 13 periods:

Calendar dates cross the Fiscal Year and periods.
If Payment Terms (such as Monthly, Quarterly, or Annually) is set to Monthly, the periods in which the last day of each calendar month occurs become the payment periods. Thus, at least one period will typically not have a payment.
Calculation logic assumes that component expenses occur in the period with the last day of the month.

Examples:

When Payment Terms is Annually (Calendar Year) and the Payment Frequency is Pay During First Period, the expense is incurred in the period with January 31.
When Payment Terms is Annually (Calendar Year) and the Payment Frequency is One-time Pay and One Time Pay Options is set to First Month, the expense is paid in the period with January 31.
When Payment Terms is Annually (Fiscal Year) and the Payment Frequency is One-time Pay and One Time Pay Options is set to First Month, the expense is paid in the first period (TP1).