Cycles of remote team members

The “Payroll” section in the application provides a consolidated view of both active and completed cycles of remote and payroll team members.

All Remote team members across the company are grouped into a single cycle, simplifying change reporting and analysis. This structure streamlines payroll tracking and reporting for better efficiency.

The cycle statuses in the "Payroll" section are as follows:

• To Report Changes: The initial status where payroll changes, PTO, expenses, new hires, or terminations can be reported until the cutoff date. The overview and possibility to adjust or add new changes is through cycle report draft.

• Processing: After the cutoff date, the cycle automatically moves to this status, and the Lano team processes data.

• To Pay: This status includes all payment-related data for the cycle: one Lano Invoice per employee, which includes base salary, social costs, service fee and any other payments (like expenses or bonuses) for the cycle.

• Completed: Once all of the invoices are paid, cycle automatically moved to completed.