There are a number of things that you need to be aware of when it comes to making paycheck stubs. A stub is required by employees in order to show proof of income. In other words, it is also used to understand the terms of payment over a given period of time.
It is important to point out that companies have different approaches when it comes to calculating paycheck stubs. Some make use of software which allows them to quickly generate checks which they can easily print later on. However now all of this can be done on the internet. You will be able to find some websites that allow you to do this for free whereas others may charge you a certain fee for their services.
Paycheck stubs are commonly referred to as paycheck slips. However, you will find some websites promoting them as wage statements and pay advice. In most states the employers are bounded by law to provide their employees with detailed information regarding the calculation of their income and the terms of payments. The eventual itemized statement will provide a detailed information regarding the applicable deductions and the actual earnings of the employee. Furthermore, it should have the specific pay period dates such as biweekly or monthly.
Paycheck stubs typically reflect the regular working hours of the employee and the regular pay rate along with the gross pay rate. At the same time, they will mention any overtime hours along with the overtime pay rates. Benefit days like sick leaves, vacations, holidays, personal time will also be mentioned and the amounts that are related with these as well.
When looking to make a paycheck stub it is important to be aware of the essentials so that you do not go wrong irrespective of the tools you will be using.