This article is dedicated to unraveling the diverse array of payment schedules available and how they can seamlessly facilitate your contractor payments.

Discover the intricate world of payment schedules and their strategic benefits. For step-by-step instructions on crafting these schedules, refer to our guide on creating pay schedules.

True to its name, this instant payment method allows you to send payments swiftly. Simply input the amount and payment details, and you're ready.

Like "Pay Now," this method lets you schedule a single payment for a specific date and time. All it takes is the amount, the date, the time, and payment details.

The most intriguing schedule type, "Recurring," automates payments based on a specified frequency and duration. Set the amount, recurrence (daily, weekly, monthly, etc.), first payment date, duration, and payment details. Toggling on the "Automated Payments" button streamlines the process, but if it is off, it requires confirmation on the Budget Management page.

With "Milestone," you can establish and automate a series of payments to a single payee. Input the amount, dates, and payment details to orchestrate this method seamlessly.

Reserved for employees who receive payments based on work hours, the "Hourly" schedule accommodates varying weekly work hours. Specify the hourly rate, estimated weekly hours (default: 40 hours), first pay date, last pay date (default: one year), and payment details.

Are you ready to delve into the world of Rise? Please take a look at our collection of help articles for more insights, and stay informed with the latest announcements on the Rise blog. As you master these payment schedules, you can efficiently manage your contractor payments and propel your business forward.