Ever thought why do you need to switch to online pay stubs rather than using paper paychecks? Technological advancement is one of the answers, but there are other reasons why most of the companies and entrepreneurs are dealing with the need to create paystubs – ditching traditional paper-based documents and payroll management system and moving to online pay stubs.
Apart from calculating wage deductions and tax calculations, online pay stubs remain as the valid proof of employment. You can create paystubs online with a Mac, Microsoft Excel or Word. The payroll solution has new templates that will support the inclusion or exclusion of the required tabs.
Different templates on pay stubs
As an entrepreneur, you need to create paystubs and you need to choose a pay stub template that suits your needs.
Most often, the first tab on the pay stub speaks about the major divisions, including the number of hours worked and gross salary. The other minute deduction on the wages like absence or overtime is mentioned as well. The tax calculations, both federal and the local taxes are shown in a detailed way. Consequently, the entire payroll calculation is very clear to your employees that will help to answer all their queries, if any.
Do not that your organization will have a different pay out time than another company – some pay weekly or bi-weekly while others pay it monthly or annually. You can design pay stub templates keeping this in mind.
The year to date column contains the all details of the earning section till date. You can check the past data of the payroll management. This will help you to get the performance of the employee in a simple go. Also, you can check the pay stub from anywhere, anytime.
In many ways, you can create a better relationship with your employees with calculations being maintained in a very clear way. Security is another reason you should opt for the online pay stubs. It minimizes the scope of any theft or identity misguides which remains for the paper documents. Nevertheless, there is also no scope of delay in mailing like that of the paper paychecks.
Why choose pay stubs online?
Paperless pay plan is just another way to support the idea of a sustainable environment. Going paperless means you automatically reduce on the less use of envelopes, records and other documents that previously used to be on paper. Online pay stub eliminates all these hassles, as all the related information is available to you in a single window. Create pay stubs that suit your needs, and access them anytime!