Financial Advisory Blog

Armanino’s Financial Advisory blog is your source for thought leadership around cloud ERP and accounting solutions and integrations. Supported by the Cloud Accounting Institute and numerous experts in cloud, finance, reporting, integration, compliance, and technology, Armanino’s Financial Advisory blog features must-read content on what’s happening in the finance industry, case studies, white papers, and much more.

August 4, 2020

We have a unique payroll where we pay our staff based upon a 37.5-hour work week and don’t track hours on our payroll register unless the employee deviates from the hours in the standard work week. Do I still need to post hours for February 15, 2019 through June 30, 2019 and for 2020?

Posted by Armanino Financial Advisory Team

Yes. The model will not accurately calculate FTEs without hours data. In your case, simply enter 37.5 hours for each person if you pay weekly, 75 hours if you pay bi-weekly, or 81.3 hours if you pay twice monthly. If your payroll register noted a deviation from the standard work week for an employee, incorporate that deviation into the data you enter for that pay period.

« | »