You'll usually encounter "run payroll" when it's time to prepare employee pay for an upcoming payday.
With SurePayroll® By Paychex, you review and approve your payroll runs before your team is paid.
A payroll run covers one pay date, while payroll processing is the recurring cycle of paying employees and meeting payroll tax obligations, run after run.
How often you run payroll comes from the pay frequency you set for your business.
In each payroll run, you confirm:
After you approve the payroll run, employees receive their pay by paycheck or direct deposit on the pay date, and you have pay stubs and a payroll record for that pay. For the calculation behind those numbers, how to do payroll in 7 steps walks through the process.
For each payroll run, calculate the taxes withheld from employees' pay and the employer taxes owed on those wages. You're responsible for depositing those taxes, and when federal employment tax deposits are due generally depends on your IRS deposit schedule and when wages are paid. The day you run payroll doesn't set the due date. IRS Publication 15 (Circular E), Employer's Tax Guide, explains how your deposit schedule is set.
Quarterly and annual payroll tax returns then report the wages and taxes from many payroll runs together. Your pay frequency doesn't set your federal employment tax deposit schedule.
Review and approve each payroll run with enough time for employees to receive their pay on the scheduled pay date. If you use direct deposit, allow for the lead time your payroll provider requires.
A payment that can't wait for your next pay date goes in its own run, often called an off-cycle payroll. SurePayroll plans include unlimited payroll runs and off-cycle runs.
Set your pay schedule, then review and approve your payroll runs in SurePayroll as each pay date comes up.
This content is for educational purposes only, is not intended to provide specific legal advice, and should not be used as a substitute for the legal advice of a qualified attorney or other professional. The information may not reflect the most current legal developments, may be changed without notice and is not guaranteed to be complete, correct, or up to date