All You Should Know 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. It is paramount to learn that there is need to pay your employees through a payroll. On this page, I will discuss pay stubs and for this reason, you need to read more to learn more info. It is important to learn that a pay stub should be made in a certain way and there are some things that need to be included for it to be complete.
The basic things that need to be included on a pay stub are the employee’s name, address and the dates when you paid. To ensure that there is easy of the employee check it out on the payments and the period covered, then there is need to ensure that the pay stub has been clearly indicated. The pay stub will always clarify whether the payment has been made on a certain period since it might be confusing. The hours worked is another thing that is included in the pay stub. There is need to ensure the pay stub indicates the number of hours the employee has worked and this is an important thing to consider.
Indicating the number of hours an employee had worked is an important thing to ensure that they can relate to the income they have earned. 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. An employee might have earned commissions, tips and bonuses and hence there is need for the employer to ensure that they are included when generating the pay stub. With regard to the net pay, you need to learn that it is the amount the employer will take home.
Taxes and withholding are other things that is included in the pay stub and you need to view here for more. Every time the employer needs to ensure that the correct taxes are paid and withheld. 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. It is recommended that there is need to ensure your company is organized and keeps out of trouble by not generating fake pay stubs.