What is end date?

 

End Date

Many features in Online Payroll have an end date field, but they are rarely required. The program uses the concept of an
“implied end date” and thus explicitly-entered end dates are not required. Usually, when an employee rate or flat dollar amount is entered, no end date is specified and the employee will continue to be paid at the entered amount. When they get a raise, the new amount will have an effective date, and the implied end date is the day prior to the new effective date (example, if the raise is effective 2/6/yyyy, the implied end date is 2/5/yyyy). But, if an end date is explicitly entered, then the rate/flat dollar amount will stop being used on that date. An example of when an explicit end date would be used is if an employee is changing from a salaried to an hourly position; the salary flat dollar amount would be given an explicit end date. The presence of an explicit end date does not necessarily cause a calculation error, but it can. Consider a newly hired
employee that is set up with a training pay rate, with an end date 60 days after their date of hire. In this case, the employee’s regular rate should be set up with an effective date 61 days after the hire date. If this rate is not set up, or if it’s set up with a date more than 61 days in the future, there will be a gap between when the training rate ends and the regular pay rate becomes effective.