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.