This software tool consolidates all your payroll-related data and invoices, then creates a personalized pay stub for you to share with your staff.
The easiest way is to use an online pay stub generator. This makes it easier for lenders to conduct risk assessments and arrive at a decision. Since the document contains a detailed breakdown of the worker’s income, lenders can see clearly how much they bring home each payday. Note that federal law does not require you to give pay subs to your workers, but you should issue them for your payroll records under the FLSA.įor employees, pay stubs serve as proof of income when applying for a loan or leasing a new apartment. Plus, you can use them to settle discrepancies in employee pay, should the need arise. Pay stubs help you comply with the Fair Labor Standards Act (FLSA), which requires businesses to document employee wages. → Click Here to Launch Your Online Business with Shopify Why create a pay stub? Employees can refer to their pay stubs to learn how much they get to take home.Ī pay stub is also referred to as a paycheck stub or pay slip, so don’t be surprised if you hear these terms when requested to provide specifics of an employee’s compensation.
Information like employee salary, deductions and taxes paid, and net pay is listed on the pay stub.
A pay stub is a digital record or paper document that gives employees a breakdown of how their earnings were calculated.
