about Pay Stubs
There is need to always prepare payroll and this is due to the fact that you have to pay the employees in business. There is need to ensure you learn more about preparing the payrolls to pay your employees since it is not an easy thing as it might seem. A payroll is an important thing that every business owner need to learn to prepare to pay their employees. On this page, I will discuss pay stubs and for this reason, you need to read more to learn more info. 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 period that the payment has covered should be indicated clearly on the pay stub and this is to ensure that the employee and employer can always refer not to be confused. 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.
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. You will realize that the gross pay is the amount an employee earns before the income is subjected to 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 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. 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.