Nothing makes employees happier than being paid on time by an employer they trust. As a small business owner, you can foster trust with your team by ensuring that your employees can access pay stubs with accurate information about the current pay period. So, what is a pay stub?
For your payroll to be accurate, you’ll need to calculate each employee’s gross pay using payroll software or a paycheck calculator. Gross wages are the amount of money an employee is paid based on their wages, hours worked, and any tips, bonuses, or commissions. The formula for calculat...
Get the lowdown on payroll. Learn what it is and how it works – without hurting your brain. Get your accounting question answered.
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Getting paid! if you work, then you know all about getting paid. But what do all those other numbers on your pay stub mean? Here's an explanation. (Independent Living/Finances).
Having pay periods helps set expectations and ensure your business - and employees - keep working smoothly. Learn more about pay periods with Paychex.
You can also use the totals on the payroll register to reconcile your payroll accounting. If a number doesn’t match up, you can look back in your payroll records to find the problem. Payroll register best practices Because your payroll register is a vital part of payroll recordkeeping, it...
Your employer also may break out its contribution on your pay stub. A pay stub is a document that provides the details of your gross and after-tax pay along with various deductions. You often can access your pay stub through your company's online payroll system; ask your human resources de...
While it’s possible to complete payroll taxes on your own, it can be complicated, especially when it comes to keeping track of payments and withholding the right amount of money. “The most solid yet basic advice I give business owners is to get a payroll company and get in the habit ...
Employee YTD earnings are typically displayed on their paycheck. This figure is the total amount of money earned from the beginning of the current calendar year up to the date the document is issued. On your pay stub, you should see gross pay, which is the total the employer paid, and ne...