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Question
If i receive my paycheck on every Mondays(weekly). when should i receive my cheque if monday is a holiday. and if i receive it on the Tues. is that because of the banks or because our company didn't submit payroll earlier due to the x-Xmas holiday.
By your use of the word "cheque" rather than the USA common spelling "check" I presume you are not located in the USA. My answer is for the USA; having said that, practices vary here in the USA.
Normally if a payday falls on a holiday, then the payday is the following regular work day. In particular if the payroll is paid via direct deposit, then I am more certain about my answer. For smaller companies, they often pay early in instances where a payday falls on a holiday; paydays are ofter the day before the holiday.
At least that has been my experience.
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Accounting, Payroll & Pension Issues
Answers by Expert:
Arthur Naman
Expertise
General accounting and bookkeeping questions. How to do monthly bookkeeping, how to prepare financial reports. How to reconcile accounts.
I cannot answer questions pertaining to pension or retirement planning.
This is not a forum to have homework answered. Please do your own homework.
Experience
30 years' experience doing tax and accounting work
Education/Credentials
MPA from Univ. of Texas at Austin, MBA Golden Gate Univ, San Francisco CA
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