The Pay Periods screen allows you to define different payment schedules for various jobs within your company.
Pay Period Start: This is the duration when payments start
Pay Period End: This is when the payment duration Ends
Store: This is store/division that the pay periods apply
Hourly/Salary: Describes if its an hourly rate or a fixed salary
Interval Type: This is the intervals that the pay periods take e.g. weekly
Description: This is the information on the pay period for description purposes
Processed: Describes if payment is processed or not.