Things You Need to Know about Pay Stubs
Paying the employee in the business is an important thing and hence there is need to prepare a payroll. It is not an easy thing to prepare a payroll to pay the employees hence there is need to learn more about it. There is need to ensure you pay your employees through payroll and this is an important thing to learn. 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.
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. 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. 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.
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. 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. 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. 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. 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.