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. 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. 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. The hours worked is another thing that is included in the pay stub. Indicating the number of hours worked by an employee is an important thing that should be indicated on the pay stub.
The reason why there is a need to indicate these hours is to ensure that an employee is able to relate with the income he or she has earned. With regard to the pay stub, there is need to also include the gross and net pay and you can learn more 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. The amount that an employee will take home is referred to as net pay.
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. 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.