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.
As a business owner, you need to learn that a pay stub has some basic elements that should be included and these include the employee’s name, address and the dates when you made the payment. 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. Whether the employee has made the payment on a certain period during distribution can be confusing and this can be clarified by checking the pay stub. 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.
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. Before the amount that an employee has earned is subjected to deductions, then you need to learn that it is referred to as gross pay. 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. 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. 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. When it comes to the payrolls there is need to ensure that your company is organized and also to keep off trouble from generating fake pay stubs.