If there’s one word that describes how businesses have changed over the last couple of years, it would be “paperless”, including creating pay stubs online. As a result of consistent development and acceptance of today’s cloud-based computing technologies, a growing number of companies are minimizing their dependence on paper (finally – no more massive, metal file cabinets) and as an alternative, converting to the organized, reliable, benefits associated with innovative web-based business solutions. Along with popular cloud-based storage solutions like Dropbox and Google Drive, processing payroll tasks online is quickly becoming one of the more common business procedures to go “paperless” and it’s easy to understand why. It’s a convenient, easy to carry out a process that’s not only reliable and safe but accurate.
What is a Pay Stub?
A pay stub (aka pay slip, paycheck stub, etc.), is an important document the employee is provided with either attached to a physical paycheck, via a PDF (when created online) or as a notice to the employee that their direct deposit transaction has been processed. A pay stub exhibits the amount of money the employee earned, how much was taken out for insurance costs, taxes and more. NOTE: It’s important to retain your pay stubs as part of your financial records.
How to Make Pay Stubs Online?
With the right pay stub online resource, creating them is easy and there are typically two or three different options in regards to the level of complexity, ranging from basic to comprehensive. For example, the basic version is very straightforward, easy to understand and create. Small businesses, typically use this pay stub option because the available data isn’t as complex, and is easier to use. Plus, small businesses typically don’t need to list out as many benefits as bigger companies that include vacation time, parking deductions, union fees, etc. Then there are more in-depth options that allow for more comprehensive details. For instance, there are options that make it possible for businesses to customize their pay stubs in more detail and can include dental and medical, automatic Medicare, Social Security and Federation deductions, garnishments, commission payments, proof of income (401K) and an editable notes section as well.
In most cases businesses can also choose from several layout designs that are fully customizable, meaning that they will suit your specific needs, tastes, and style. In many cases, the pay stubs can also be branded by adding a logo. You can also count on all of the calculations to be correct as well when you choose a reputable online pay stub solution.
Besides ease of use, additional benefits include instant access and guaranteed timely delivery and there’s no software to purchase. Online pay stub solutions can provide significant savings to a lot of companies due to the fact that that helps minimize printing costs. Going paperless in general will save you much more than time and money.
The bottom line, choosing paperless pay stubs will benefit your business, your employees, not to mention, the planet.