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How to Use a Pay Stub Template
Workers payment can bring satisfaction or animosity. An employer is likely to lose some money or face complaints from the employees if something is done in the wrong way. Owing to the above, it is important that payment of employees be done with a lot of precision and 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.
Details included in a pay stub will be almost the same for all companies. A company can, however, customize its own pay stubs to its own preferences. Some customization would be such as inclusion of the company’s name and logo. There is, therefore, the need for a company to produce uniform pay stubs for its employees.
Pay stub templates are the most useful things when it comes to the preparation of pay stubs in any firm. A lot of time is spent making pay stubs for companies without pay stub templates. Outsourcing for templates is another thing some companies do and it costs them a lot of money. Buying of downloading of pay stub templates can eliminate all this unnecessary hustle
You need to know a few things before downloading a paystub template for printing. Two pay stub templates are commonly used all over the world. The excel and the word pay stub templates are the two templates we have. There are differences between these two templates even though they might seem similar.
The word pay stub template is smaller to download and easy to use. Changing the title of the columns and rows is an easy task. Inserting the company logo, name and the details of the employees are some of the customizations you will be required to do on the word template. The rest of the details are set for you and all you need to do is fill in the figures of the employee’s payment breakdown. 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. Similarly, in the excel pay stub template, you have to fill in details such as the company logo, name and employees details. The breakdown of the employee’s payment is what you fill in next. When using the excel template, you are only required to fill in the figures and the template does all the calculations and this is the main difference between the word and excel templates. You, therefore, only need to fill in the figures and the template completes the rest for you.