Finding a Good Pay Stub Template
One of the most crucial parts of keeping your business running smoothly is ensuring that each employee is paid accurately and on time. It’s your job to track the time and type of work done be each employee. The hope is that you’ll know exactly how much to pay without any concerns about inaccuracy. The creation of clear, readable pay stubs will go a long way toward streamlining your payroll processes.
There are several ways to create or obtain pay stubs, and we will consider a few of them below. In order to make things easier, the emphasis will be on free, easy-to-use options like online pay stub generators and widely accessible templates.
Do it Yourself
If you are comfortable working with word processors, you could consider making your pay stubs from scratch. If you’d rather avoid doing too much work, many software packages come equipped with several fill-in-the-blank templates. It’s not hard to make changes as needed so that a given template will suit your business. In case you do not have such a program installed, you can consider purchasing one or hiring a contractor to create the template. If that doesn’t work for you, there are plenty of other alternatives.
Use an Online Pay Stub Creator
The internet has made many processes easier for business owners, and pay stub generation is one of them. There are several sites to choose from. Templates created by these sites will commonly be a little harder to customize than ones you would make on your own, so shop around until you one that fits all your requirements.
Try a Search Engine
The third alternative is to simply use a search engine to find a pre-made template. For many purposes, these ready-to-use templates will work just fine. On the other hand, make sure you do your due diligence before downloading anything from the web.
If you have any connections that deal with payroll for businesses similar to yours, don’t be afraid to ask for their input. It can be intimidating to reach out to potential competitors like that, but payroll is such a non-threatening subject that it is very unlikely to be taken the wrong way. In fact, don’t be surprised if it leads to further conversations down the line, and perhaps even a new business relationship.
However you decide to create your stubs, the important thing is that they contain all the relevant detail about your employees’ total pay and time worked. With that in mind, any of the above alternatives should prove useful for most business owners.