Lesson 3.1 Activity
- Access the Setup Menu: Log into FastFund with Company Administration rights. Navigate to Administration > Payroll Setup and open the Payroll Settings tab.
- Select Your Frequency: Locate the Payroll Frequency drop-down and select your organization’s primary pay cycle (e.g., Semi-Monthly or Bi-Weekly).
- Define Standard Hours: In the Default Hours Per Week field, enter your organization’s standard work week hours (such as 40.00). Note how this number will be used later to convert annual salaries into hourly rates for overtime and accrual calculations.