about Pay Stubs
In business, there is need to always pay the employees and for this reason, you have to prepare a payroll now. It is not an easy thing to prepare a payroll to pay the employees hence there is need to learn more about it. There is need to ensure you pay your employees through payroll and this is an important thing to learn. On this page, I will discuss pay stubs and for this reason, you need to read more to learn more info. With regard to a pay stub, it is paramount to learn that it should be made in a particular way and this is to ensure that it contains all the details that are required.
Employees name, address and the dates when you made the payment are some of the basic needs that should be included on a pay stub and this is an important thing to note. The aim of having the pay stub clearly indicated is to ensure that an employee can always check it out! and know the period that has covered. The pay stub will always clarify whether the payment has been made on a certain period since it might be confusing. Another thing that needs to be indicated on the pay stub is the number of hours an employee has worked. Indicating the number of hours worked by an employee is an important thing that should be indicated on the pay stub.
For an employee to be able to relate the income he or she has earned, then it is recommended that there is need to indicate the number of hours that a person had worked. Another thing that is indicated on the pay stub is the net pay and the gross pay and you need to learn more about them here. Gross pay refers to the amount an employee earns before it is subjected to any deductions. It is paramount to ensure that an employer indicates more about the commissions, tips and bonuses in this calculation of gross and net pay. With regard to the net pay, you need to learn that it is the amount the employer will take home.
Among other things that need to be included in the pay stub are the taxes and the withholding. There is need to ensure that you have the correct taxes paid and withheld every time and this is the role of the employer. It is advisable that you need to ensure the pay stub that you create are not easy to forge since there are many fake pay stubs being generated. To avoid being in trouble you need to ensure your company does not generate fake pay stubs and also is organized when it comes to payrolls.