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NFF Glossary of Nonprofit Finance Terms and Concepts

A comprehensive lexicon where you can search for just the term you need. Provided and hosted by the Nonprofit Finance Fund.

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Understanding the IRS Form 990

The full-length IRS Form 990 is arguably the most detailed tax return the average person is likely to encounter.

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Reply To: Change Payroll Schedule

How easy it is to make the change depends on the staff. If you have a lot of low income hourly workers, it is difficult.…

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Reply To: Change Payroll Schedule

We pay semi monthly – paying the pay period in arrears. So we pay the pay period ending 10/31/23 on November 13th for example. Folks…

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Reply To: Change Payroll Schedule

I also agree with Wade. I have done both and much prefer the biweekly schedule. Gives you time for follow up on per diems and…

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Reply To: Change Payroll Schedule

Personally, in managing finance and HR I found semi-monthly easiest to administer, because it’s easier to split things like monthly benefits premiums, cleaner when crossing…

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Reply To: Change Payroll Schedule

Hi Kara, A few years ago we switched to pay periods of the 15th and last day of the month. Our pay dates are then…

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Reply To: Change Payroll Schedule

Hi. I had the exact same experience and changed to bi-weekly with a time lag as already mentioned. I found that I sometimes had to…

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Reply To: Change Payroll Schedule

I agree Wade. We went from semi-monthly pay to bi-weekly pay a few years ago. The pay period ends on Saturday and the pay date…

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Reply To: Change Payroll Schedule

We also do 1st and 16th of the month, however we are all salaried employees with not a lot of review needed. But I agree…

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