According to law (5 U.S.C. 6103), there are 11 federal holidays in 2022 recognized by the United States government. On a federal holiday, most government offices are closed and all non-essential government employees are granted the day off. Though not required, most state government agencies adhere to the same procedures as well as many privately owned and operated businesses.
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Generally, if a holiday falls on a Saturday or Sunday, it is observed either the previous Friday or the following Monday. For instance, as Christmas falls on a Sunday in 2022, the federally recognized holiday will be observed on Monday, December 26.
While the Fair Labor Standards Act (FLSA) does not require an employer to provide compensation for time not worked (including federal holidays), many employers do opt to grant their employees the day off with pay. Those in accounts payable should be familiar with their own employer’s policies regarding the matter. In addition, AP professionals should be aware of all of the federal holidays in 2022 (as well as their observed dates if different) as they could affect payroll schedules. Likewise, there is no federally mandated policy regarding AP schedules in relation to federal holidays, so you’ll want to follow the policies set forth by your employer.
Federal Holidays in 2022
Below is the full list of federal holidays and observed days in 2022 according to federalpay.org:
- Friday, December 31, 2021 – New Year’s Day (observed)
- Saturday, January 1 – New Year’s Day
- Monday, January 17 – Martin Luther King, Jr. Day
- Monday, February 21 – President’s Day
- Monday, May 30 – Memorial Day
- Sunday, June 19 – Juneteenth National Independence Day
- Monday, June 20 – Juneteenth (observed)
- Monday, July 4 – Independence Day
- Monday, September 5 – Labor Day
- Monday, October 11 – Columbus Day and Indigenous Peoples Day
- Friday, November 11 – Veterans Day
- Thursday, November 22 – Thanksgiving Day
- Sunday, December 25 – Christmas Day
- Monday, December 26 – Christmas Day (observed)
What Else AP Professionals Need to Know
As banks are among the institutions closed, accounts payable professionals should adjust their scheduling to process on the day before a federal holiday or observed holiday just as they would should the last day of the pay period fall on a weekend. You cannot count on a payment processing on a bank holiday or weekend. For the purposes of banking and banking procedures, weekends and holidays (federal and otherwise) do not count. In instances regarding the IRS, there MAY be a grace period should a deadline fall on a federal holiday, but it’s always best to err on the side of caution and plan ahead.
To help keep your AP teams on the same page, and ensure that your payments are posted promptly, you may consider expediting your processes using AP automation. At DataServ, we can set up a system that works for your business to ensure that operations are streamlined and accurate at all times. If you want to start enjoying your federal holidays without the constant worry that something in accounts payable was overlooked, contact DataServ today and learn how we can help get you back on the right track.