Resources: 10 Mistakes that Most People Make
There is no better way of winning an argument than when one has proof to support his or her side. In the employer-employee relationship, there is need for the two parties to avoid any confrontations at all costs. The best way they are able to do this is ensuring that they keep a record of all the monetary transactions between them. The proof that there has been a transaction between the employer and his employee is kept by use of relevant documents. The most important document that deals with payment information of an employee is the paycheck.
All the details of an employee’s payments are comprehensive contained in a paycheck. A paycheck has two parts; one part shows how much the employee will receive from the employer and the second part has details of the deductions made from the employees earnings to reach that final amount he receives. The second part of the check which is also called a pay stub will have all the details touching on any deductions, bonuses as well as any other amount of money the employer might have withheld from the employee. In the times that have passed, as an employer, you had to make paystubs manually. This is different today as you will be able to get a paystub on the internet from a tub generator.
The first thing you need to ensure you get from a paystub generator is the option to review your progress as you fill in the details. There are certain stub generators which only allow you to view the stub after you have filled all the details. These are not friendly since making any mistake means you have to buy a new stub. It is important that you get a stub generator which allows you to review your progress and make any alterations that would be necessary.
Something else that is very key which you need to consider keenly is how accurate the payment stub generator is. Most of the stub generators we have today are able to do the calculations for you so you only need to fill in the key details. The number of decimal places a payment stub generator makes its calculations specific to is one way of determining its accuracy. If the calculations of a payment stub are made to at least two decimal places, then that is a good payment stub generator.
How much it costs you to generate stubs for your employees is the last thing you need to consider. As an employer, you can decide to get the stubs that are charged per sheet you generate or those that charge a fixed amount for all the stubs you would like to generate. You have to make your choice based on the calculations you make of the total cost you will incur for the entire stub generation process.