Payment of your employees is one thing that needs to be done with utmost precision. You should remember that the reason the employees work in your company is for the payment. Apart from getting paid, the workers also need to get payment notifications on time. Failure to include the correct amounts of money deducted from your employees as taxes or other deductions on their pay is something else that may cause you major problems. Something else likely to cause a company big problems is the delay in notifying the workers of their payment. Companies, therefore, always ensure that they give their employees right notifications to avoid the problems that might arise. The pay stub is among the most important documents that come along with the pay slip.
A pay stub is a document that shows a company has made payment to an employee. Upon completion of payment transactions, the company then prepares the pay stub. The reason, which makes the pay stub be considered more important than the paycheck is because it gives a detailed description of the employees earning. Manual pay stub preparation, use of a paystub software or getting stub online are the three ways of generating pay stub.
Whatever the payment stub creation mode you decide to use, always go for that which favors your situation. The least used mode of stub creation is the manual one. Creation of stub manually takes a lot of … Read More