When an employee receives a payment, the company’s primary task is to keep a record. A pay stub is a document that acts as a documentation of the payment received by the employee. It shows the total earnings in the immediate pay period and the earnings for the whole year. Depending on the organization, the pay stub is also known as a payslip, paycheck, or check stub.
Since the pay stub is an important document, it includes important details that can be useful for documenting the payment. The main details are:
Many employees use the electronic version of their pay stubs because the funds are transferred to their account electronically. Those employees who don’t have a bank account use the payroll card issued by the company, which acts as a debit card.
Government agencies also issue paychecks to people from their treasury departments instead of their bank accounts. The payroll provided by the company can be printed to get a hard copy.
Companies that want to save time and streamline the payroll management process can use the pay stub template.
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Format: MS Excel -Size: 37 KB
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