Bookkeeping and invoicing is a pain for most small business owners. It takes up a lot of your time and one little mistake can lead to more unnecessary work. Generating pay stubs online can help you save time and money by reducing the time spent on one major aspect of bookkeeping.
In this guide, we’re looking at the steps you need to take to start generating pay stubs online. Continue reading below for more.
What is a Pay Stub?
A pay stub is an important piece of paperwork used by employees to verify income and other payment information from an employer. It breaks down the details of the employee’s pay period, when they’ve worked, how many hours, how much they’re paid, and more.
This information is incredibly important to the employee because they’ll use it when applying for loans, credit cards, rental units, and in many legal situations.
Every state has different requirements regarding whether or not you’re required to provide your employees with pay stubs. We believe it’s good practice to offer some form of pay stub to your employee and many employers elect to offer pay stubs online.
What is an Online Pay Stub Generator?
If you plan to offer your employees a pay stub online, you’ll want to have a high-quality pay stub generator to help you with this process. A pay stub generator is a tool that you’ll use to put together accurate pay stubs and get them out to your employees in a timely fashion.
The main benefit of using a pay stub generator is that you don’t have to manually enter everything for each employee. The generator will compile information about the employee as they work such as hours worked and overtime pay. As this information is put together, it will automatically generate pay stubs when it’s time for the employee to be paid.
Understanding the difference between traditional pay stubs and advanced pay stubs is important.
A traditional pay stub will contain basic information about an employee such as their rate per hour and how many hours they’ve worked. This is good enough in most cases.
In some situations, you might want to use an advanced pay stub. These contain additional information such as deductions, taxes, marital status, and commissions. It’s recommended that you use advanced pay stubs if an employee is not compensated in the traditional way.
How to Generate Pay Stubs Online?
Using the pay stub maker from PayStubs365 makes it super simple to generate pay stubs online. You’ll enter all your company information and everything about the employee you’d like to generate a pay stub for.
Once you’ve done that the pay stub generator will automatically populate the stubs with all the information. This takes a major step of doing all the math out of your hands so you can quickly and accurately put together the right pay stubs.
Use our Easy Pay Stub Generator
Learning how to generate pay stubs online is simple when you have an easy to use pay stub generator. You don’t need much other than information about the employee and the paystub maker. It’s simple, fast, efficient, and most importantly, accurate. Your employees will thank you.
Generate pay stubs today with our easy to use pay stub generator!