Payroll processing is one of the most critical functions within any organization. It ensures that employees are compensated accurately and on time while also maintaining compliance with tax regulations, labor laws, and organizational policies.

A key component of payroll processing is understanding payroll cycles. A payroll cycle is the recurring schedule by which employee wages are calculated and disbursed. Payroll cycles determine how often employees are paid and are closely tied to the timing of payroll tasks such as timekeeping, approvals, and direct deposits. Timely execution of these cycles is essential to ensure that employees receive their compensation without delays.

Among the core elements of payroll are paychecks and paycards, the primary methods by which employees receive their wages. This part of the payroll standards book provides an essential introduction into how paychecks and paycards work, outlines their differences, and explores their roles within the Indiana University payroll system. This foundational knowledge is vital to ensure effective and compliant payroll processes.

Policies

Review the below policies related to payroll processes:

• FIN-ACC-30: Fiscal Misconduct
• FIN-ACC-35: Fraud
• FIN-ACC 580: Risks of Potential Identity Theft in the Use of Stored-Value and Payroll Deduct
• FIN-PAY-030: Timing of Payments and Off-Cycle Payroll

Standards

Review the below standards related to payroll processes:

• UCO-PAY-3.00: Payroll Cycles and Timing of Payments
• UCO-PAY-3.01: Payroll Payment Methods
  

Checklists

There are no checklists related to this portion of the book at this time. Please check back in the future!

TRAINING MATERIALS

There are no training materials related to this portion of the book at this time. Please check back in the future!

OTHER RELATED MATERIALS

Review the below other materials related to payroll processes:

• Reference Document: View Paychecks Online
• Reference Document: View Pay Dates
• Instructions: Biweekly Pay Life Cycle
• Instructions: Monthly Pay Life Cycle

IU Financial system reports and procedures

There are no IU financial system reports and procedures related to this portion of the book at this time. Please check back in the future!