For business owners and employees, pay stubs are important tools in both the business world and everyday life. However, creating quality pay stubs is quite complex, and new or small business owners may not know how to create them on their own. For this reason, more and more people are choosing to create pay stubs using online generators. Online pay stub generators help business owners create pay stubs quickly and easily as well as adapt the pay stubs to the specific needs of their business.
Pay stubs are necessary for many reasons and while it’s crucial you provide them to your employees, creating them shouldn’t be a hassle. Online paystub generators offer several helpful benefits that make creating pay stubs stress-free.
But before we discuss those benefits, let’s recap why pay stubs are so important.
Why Are Pay Stubs Important?
Pay Stubs are useful for tax purposes, proof of income, and displaying any issues with employee pay. Pay Stubs allow employees to ensure they were paid correctly and that the proper contributions and deductions were taken from their paychecks.
Employers and employees should keep a record of their pay stubs so that they can access them when they need to. Using an online paystub generator helps make record-keeping easy and convenient. When you create pay stubs with an online generator, you and your employees pay stubs will be stored securely within your accounts. Having your pay stubs online ensures that you won’t lose them or clutter your space with a bunch of paper copies.
Why You Should Check Your Pay Stubs
If anything is incorrect with an employee’s pay stub, it’s going to take time and effort to correct it. That is why, as an employee, you should get in the habit of always checking your pay stubs on payday. Your pay stub is full of important information so it’s crucial you check it to ensure the information is correct.
When you are reviewing your pay stub, you should ensure information is correct such as your personal information, hours worked, and time off. You should always make sure the withholdings on your pay stub reflect the information on your W-4 and that too much or too little wasn’t withheld. It is also important that your benefit deductions were calculated correctly. Lastly, although it might sound obvious, it is also important to check that your net pay is correct.
Getting paid inaccurately and having to make corrections to pay stubs is a hassle no one wants to have to deal with. Fortunately, online pay stub generators help eliminate payroll errors, ensuring that when you check your pay stubs on pay day, they will always be accurate.
Ensured Accuracy
In order for pay stubs to be useful, they must be accurate. When developing pay stubs there are lots of calculations and deductions that need to be made. Also, considering each employee’s pay stub information will be different, it can all become quite confusing and time consuming.
Luckily, with an online pay stub generator, all of the withholdings, deductions, and tax calculations will be handled for you. This completely eliminates the risk of errors made by manual calculations.
All you have to do is enter in the appropriate information such as company details, earnings, pay schedule information, and the pay stub generator will figure out all of the calculations and deductions based on what you’ve provided.
Oftentimes, pay stub generators will have built-in error checks that will notify you of any errors on your pay stub before you submit them. This is just another way you can ensure the pay stubs you are providing your employees are accurate, the first time.
Customizable to Fit the Needs of Your Business
Whether you have 5 employees or 50, creating different pay stubs for each employee can be overwhelming. Using an online pay stub generator makes it easy to customize your pay stubs for each employee and pay period.
Online pay stub generators allow you to choose from a variety of professional pay stub templates. Once you choose a template you like, you can customize it to fit the exact needs of your business. As mentioned previously, not every pay stub is gonna look the same, so having customizable templates is extremely convenient. Customizable pay stub templates allow you to add information such as FUTA, SUTA, year-to-date values, or any other additional income or deductions for each employee.
Having these quality templates makes creating your pay stubs more effective and efficient. They also add another level of professionalism to your pay stubs.
Efficient Payroll
One of the most important benefits of using an online pay stub creator is the amount of time it will save you. As a small business owner, you don’t have time to waste manually creating pay stubs and distributing them to employees each pay day. You could outsource your payroll but that can become costly, quick.
Creating pay stubs online takes significantly less time than if you were to manually do it. Using an online pay stub generator helps simplify the payroll process and ensure employees are always paid on-time.
A key advantage of using a pay stub creator is that it takes care of all of the formatting and calculations that go into creating pay stubs. They also ensure that your pay stubs are accurate. This reduces any wasted time having to correct pay stubs or handle employee complaints for invalid pay stubs.
Your employees will also be able to receive their pay stubs instantly on pay day. With online generators, once employers have created the pay stubs, they can print or email them directly to employees. Thus, employees will have access to their pay stubs whenever necessary.
Start Creating Professional Pay Stubs Today!
Don’t suffer through manually creating pay stubs or wasting money using an accountant anymore! Online pay stubs generators will have you creating professional and accurate pay stubs in minutes. 123PayStubs is an easy-to-use and affordable pay stub generator.