If you want to set up your contractors on a **monthly** pay schedule, this is how we calculate the amounts based on how their compensation is set:

If someone has an

**annual rate**, we divide the annual rate by 12. Their monthly payment would be the same every month.If they have a

**monthly rate**, we use that monthly rate for the payment. Their monthly payment would be the same every month.If they’re on a

**weekly rate**, we divide their weekly rate by 5 to get a daily rate and then multiply that rate by the number of working days in that month. Their monthly payment would**vary**month-to-month.If they’re on a

**daily rate**, we multiply it by the number of works days in the month, like in the example above. Their monthly payment would vary month-to-month.If they’re on an

**hourly rate,**we’d ask you to confirm the number of hours you want to pay them for and won’t automatically calculate the amount for each payment.