Workweek
In accounting, workweek means a fixed and regularly recurring period of 168 hours — seven consecutive 24-hour periods — that overtime is measured in. Hours are never averaged across workweeks: 30 hours one week and 50 the next owe ten hours of overtime.
Authority: 29 CFR §778.105; §778.104 (opens in a new tab). Sources
The lesson that teaches this
From the free founder back-office course, taught on one company's books, with exercises to work it yourself.
What it is not called
Each of these means something else. Use one here and an accountant reading the product notices.
- pay period
Components that render the terms it depends on
No component names this concept outright, but it's built from terms that components do name. These render period.
4Swaps & FX
Family spec5Ledger & tables
Family spec- PeriodPickerFiscal-aware. Never assumes January.
- FluxAnalysisPeriod-over-period explanations.
- ProfitAndLossP&L with period comparison and variance.
- ReportHeaderEntity, statement, period, basis, currency, as-of. Every figure states its basis.
- StatementTableThe shared shell: hierarchy, periods, rules.
- StatementToolbarBasis, period, comparison, currency, consolidation.
9Accounting core (GL)
Family spec11Payables (AP)
Family spec12Close, controls & consolidation
Family specAlso in Payroll
Defined in Lexicon. This page is generated from that document, so the two can't disagree.