What is the difference between Actual Payable Days and Days Payable?

In a payslip, you'll find two important terms: Actual Payable Days and Days Payable. Although they might appear similar, there's a slight difference between them.

Actual Payable Days refer to the total number of working days, regardless of the employee's attendance. For instance, if an organization considers week offs and holidays as payable days, the actual payable days for April could be 30.

On the other hand, Days Payable takes into account any loss of pay. It represents the total number of days the employee will be paid for in the month. For example, if there are 30 actual payable days but the employee had 5 days of loss of pay (LOP), then the days payable would be 30 - 5 = 25.

I hope the distinction between Actual Payable Days and Days Payable is now clear. If you need further assistance, feel free to refer to other available articles or contact us directly!