Did you know that 54% of the American workforce is affected by payroll issues? Most of these problems stem from companies trying to handle payroll on their own.
There’s a better solution: a check stub generator.
What is a check stub? Read on to find out the answer and more.
What Is a Check Stub?
What is a check stub? It is a stub attached to a check that has details regarding the amount a person is paid. Other details include grand totals and invoice numbers.
The recipient of a check stub can match it with the cash receipts they have. This reduces calls made to the accounting department referring to payments made.
You should always keep check stubs for tax purposes and in case you run into any payday problems. A business can benefit from having its own check stub maker. For example, you can use this check stub generator to solve common payroll issues.
Common Payday Issues
Without an effective check stub generator, it is challenging to keep up with payday. A business that has extra employee benefits or manages different contracts can have an even harder time on payday. The three most common payment issues are as follows:
Incorrect Deductions
Even a cheap check stub generator helps with an incorrect deduction issue. Some have different paychecks every so often because of different benefits, taxes, and salary sacrifice schemes.
Because calculations change, there is room for mistakes. When employees receive incorrect check stubs, they won’t happy. It will also harm records.
Too Little Information
A pay stub without enough information leads to employees not finding their payment history. Don’t be one of those companies who would rather save time than correctly get through the payroll process. All paystub information should get added.
When a company leaves out essential information, it is harder to see where errors come from. This makes it impossible to resolve any problems.
Time Consumption
A lot of companies struggle to stray away from errors if they create paychecks manually. Because it is such a time-consuming job, paychecks may be received later than expected.
Creating a check stub manually means making individual calculations for every employee. This includes taking deductions and taxes into consideration. If you fail to record a change on an employee’s paystub, you run the risk of causing more delays because of incorrect information.
Check Stub Generators
The best check stub generator will make these common errors less likely to occur. Other benefits of generators include creating pay stubs that are professional, eliminating errors when they occur, creating paystub records, and being less time-consuming.
Make Payroll a Stress-Free Job
There is a lot of stress that comes with a manual payroll process. It’s time to make life easier by using what technology has given you. Companies can create check stubs for their employees without the hassle while benefiting from all of the other things that a generator has to offer.
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