How to Use a Pay Stub Template
There could be a feeling of satisfaction or animosity during workers payment. If anything is done wrongly, the employer stands to lose some money or face complaints from the employees. This is the reason why payment has to be done precisely and with a lot of care. Among the key documents an employee gets from the employer is the pay stub. A pay stub is a document an employee gets showing the breakdown of the payment the employer has made to the employee’s account.
All companies include almost similar details in a pay stub. A company can, however, customize its own pay stubs to its own preferences. Such would include the company name and logo. Employers are for this reason supposed to find a way of producing uniform pay stub for all their employees.
For any company, the pay stub templates are the most important thing when it comes to the preparation of pay stubs. Without pay stub templates, a company spends a lot of time making stubs for the employees. Others go to the extent of outsourcing for pay stubs which costs a good amount of money. One can get rid of this unnecessary hustle by downloading or buying pay stub templates.
Before downloading a pay stub template for printing, you need to know a few things. There are two types of pay stub templates commonly used all over the world. There is a pay stub template for use with word and another for use with excel. These two may be almost similar but there are differences between them.
It is easy to download and use the word pay stub template. Changing the title of the columns and rows is an easy task. You many also be required to customize the template by editing details on the template such as the company logo, name and details of the employee. The columns to fill in the details of the breakdown are already made and labeled so you only need to fill in the figures. You will have to do the final calculations manually or if not you can use the F9 functional key.
The excel pay stub template just like the word template is easy to use. Like in the case of the word template, one has to fill in the company’s logo, name and details of the employee. The breakdown of the employee’s payment is what you fill in next. The main difference of this excel template with the word pay stub template is that the excel pay stub template completes the calculations automatically for you. The only thing you are supposed to do is key in the figures and the rest is taken care of.