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Pay Stub Template – The New Trend of Business
If your business is going well and there are no difficulties with your employees on payday, then you must be using the right pay stub template. Many of us might not be paying attention to the templates that we use and that is where start to see payroll problems develop. A stub has to be very easy to read and understand. There are various types of pay stub template. Some are very professional and in simple words very confusing, not only to the employee but in many cases to the accountant or bookkeeper as well. Others are also professional but easy to understand at the same time. It is better to use a pay stub template that is easy to read and understand by the employees, and that the bookkeeper finds it easy to use. Thus the right selection of the stubs is important.
As one of the most important laws of life is the expectations count. You have some expectations for your employees and similarly they have some for you. When they are giving you’re their maximum output all they want in return is that their salary is paid accurately and on time. All the information about the employees’ gross salary and other details regarding the number of days they worked number of hours, overtime pay, bonus and deductions including the tax, health and other deductions. But all these things must not be difficult to read and understand from the pay stub template, or you may find yourself having an employee who does not understand where those portions of his pay went and why.
Almost all accounting software is linked to a database or spreadsheet programs like Microsoft Excel. One must make sure that all the fields of the pay stub template are similar to those of the software. If the two software packages are connected correctly, the work load is reduced for the accountant and it increases the efficiency of the payroll running process. The pay stub template must have fields such as pay, hourly rates, over time pay, number of hours, gross pay and all the deductions that must also be mentioned. The total net pay should be mentioned in bold and prominently so that it’s easy to read it. If any new deductions are to be made then it must be stated earlier the pay stub template must be very easy to read to avoid any disputes and make the process of issuing payroll easier for everyone.
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Source by Shannon Lewis
