What is the meaning of semi-monthly?

Posted by accountingbyte on Mar 24, 2025; 11:06am
URL: http://forum.446.s1.nabble.com/What-is-the-meaning-of-semi-monthly-tp24227.html

This is the term semi/monthly, which means happening twice a month. Payroll terms generally involve paying employees on e.g. the 1st and 15th or the 15th and last day of a month. As compared to biweekly, which comes twice a week, the semi-monthly schedules will have 24 pay periods in the year rather than 26. This is common business that seeks excellent and constant payment dates as well allows employees to effectively regulate monthly expenses.

Visit us: https://accountingbyte.com/semi-monthly-pay-meaning/