Find the Best Pay Stub Templates for Your Business
Although Paystubs aren’t mandated,
it is a legal document for an employee to keep records of all the details they
need to know regarding their salary such as how much they are paying in taxes
and deductions. A paystub even includes the number of hours worked during the
pay period, year-to-date balances, and paid time off taken.
That’s why if you searched the net
at some time to find an appropriate template for keeping record of the Real Check Stubs and payrolls
of your workers you probably were a bit surprised to find a lot of
templates for your needs, making it rather difficult for you to choose the one
that will deliver satisfactory results for the kind of business you are
running. As an employer, it is your responsibility to see that the paystub they
get is to the point and easily understood.
What Does a PayStub Template Generally Consist?
Most
pay stubs template would consist of basic earnings and deductions information
such as:
YTD Gross: YTD stands for Year- to-Date. It
refers to the period beginning the first day of the current calendar year or
fiscal year up to the current date and YTD Gross is the sum of each pay cycle’s
total gross earning.
Employee tax deductions: It include Common taxes deducted such as federal
income tax, the employee portion of FICA tax, and, sometimes, state and local
income taxes.
Hours Worked : As the name suggest, it
include the number of hours the employee has worked. It’s not required in every
states but it is a best practice to make sure overtime paid correctly.
Pay Period: A
pay period is a recurring length of time over which employee time is recorded
and paid
Time Off Balances: his information is helpful to the employee, but also
required in states like California and New York that have mandatory paid sick
time laws.
Choosing the right template for your employee
may be difficult for you but you can try some pay stub sample and check which
among them suits your business needs the best.
You may like Benefits of Digital Pay Stubs vs Paper Pay Stubs
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