However, as the above example shows, biweekly and semimonthly aren’t quite the same. As you can see from the definition of “biweekly,” “bimonthly” would mean every other month, while semimonthly means twice a month.īecause semimonthly pay means paychecks twice per month, and biweekly pay schedules often result in two paychecks per month, these pay schedules may seem like the same thing. Semimonthly pay is often referred to as “bimonthly,” though that’s not technically correct. What’s the difference between biweekly and bimonthly pay schedules?īiweekly pay schedules can easily be confused with another popular pay schedule: semimonthly. That’s three paychecks in a month on a biweekly pay schedule.īiweekly pay schedules result in employee payments every two weeks, but in some months, that means three paychecks. 8, your biweekly paydays would have been Dec. If your first payday of the month was Dec. In reality, biweekly pay schedules can occasionally result in three employee paychecks per month. There are four weeks in a month, so theoretically, biweekly pay schedules result in two employee paychecks per month. For example, if, in October 2021, your employees received their paychecks on Friday, Oct. What is a biweekly pay schedule?Ī biweekly pay schedule is the payment of employee wages every two weeks, often on a Friday. Read on to learn how you can implement and administer this schedule for your business. ![]() Many small businesses pay their employees every other week, on a biweekly pay schedule. As you toiled away at your tasks, you might have occasionally reminded yourself that it was all worth it to get paid every two weeks. Think back to when you were an employee rather than a small business owner.
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