Pay periods
A pay period refers to the interval in which you choose to pay your employees, for example, weekly, semi-monthly, monthly, quarterly, or annually. Each pay period is assigned to a pay period number. The pay period number starts counting at the beginning of the month and stops counting when the month ends.
Example: Jane's organization pays biweekly, which means her organization usually has 2 pay periods each month. Months that have five weeks may have an additional pay period. This is what Jane's period dates would look like for 2011:

Pay period column in History of Period Dates
In this section
Can I change the current pay period to a previous pay period?
How do I change the pay period based on the check issue date?
How do I change the pay period based on the pay period date?
How do I print reports for a prior pay period date?
How do I change setting for selecting the pay period end date?
How do I create a new pay period?
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