about Pay Stubs
Paying the employee in the business is an important thing and hence there is need to prepare a payroll. Paying the employees is not an easy thing as it might seem and you need to learn more about it. It is paramount to learn that there is need to pay your employees through a payroll. You need to read this page to discover more info about the pay stub and how it is important. There are certain details that need to be included on a pay stub and hence there is need to ensure you learn how to generate the pay stub and all info 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. On the pay stub, the hours worked is another thing that should be indicated. 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. You will realize that the gross pay is the amount an employee earns before the income is subjected to deductions. In the calculation of the gross and net pay, it is recommended that there is need for the employer to indicate more about the commissions, tips and bonuses that an employee has earned. The net pay refers to the amount the employee will take home now!
You need to learn that the pay stub should also be indicated with the taxes and withholding. It is the role of the employer to ensure that every time you have correct taxes paid and withheld every time. Owing to the fact that there are many fake stubs being generated, then you need to continuously generate pay stubs to make avoid it being forged. It is recommended that there is need to ensure your company is organized and keeps out of trouble by not generating fake pay stubs.
Resource: published here