A pay run is the payroll process that calculates and distributes wages or salaries to employees for a specified period—such as weekly, biweekly, or monthly.
This process involves verifying hours worked, applying deductions (like taxes and benefits), and generating payslips for employees.
Pay runs are essential for ensuring accurate and timely employee compensation while maintaining compliance with tax regulations and employment laws.
For instance, after completing a pay run, an employer updates financial records and may initiate tax reporting through integrations like STP.
