How Small Businesses Should Handle Pay Stubs
Payroll is an integral part of any organization’s operations, yet it can be surprisingly hard to get right. It’s your job to track the time and type of work done be each employee. That way, there won’t be any questions regarding their compensation come payday. The creation of clear, readable pay stubs will go a long way toward streamlining your payroll processes.
In this article, we’ll consider a few different options for creating these pay stubs. In order to make things easier, the emphasis will be on free, easy-to-use options like online pay stub generators and widely accessible templates.
Use Software You Already Have
If you are comfortable working with word processors, you could consider making your pay stubs from scratch. On the other hand, such software often contains simple templates that can be applied to your business with just a few changes. A few easy changes are generally all you need to get going. If none of the templates installed on your system are adequate for your needs, you can also hire a specialist to create your stubs (or even the entire payroll system) for you. If that doesn’t work for you, there are plenty of other alternatives.
Use an Online Pay Stub Creator
If your own software isn’t up to the task and you’re not willing to purchase specialty software, you could consider using an online generator to create the stubs. As different sites can sometimes generate radically different templates, don’t be afraid to play around with more than one service until you find one that works for you.
Don’t Forget About Search Engines
The third alternative is to simply use a search engine to find a pre-made template. For many purposes, these ready-to-use templates will work just fine. On the other hand, make sure you do your due diligence before downloading anything from the web.
Ask for Advice
If you have any connections that deal with payroll for businesses similar to yours, don’t be afraid to ask for their input. It can be intimidating to reach out to potential competitors like that, but payroll is such a non-threatening subject that it is very unlikely to be taken the wrong way. In some cases, this kind of interaction can be the start of a mutually beneficial friendship with another industry player.
However you decide to create your stubs, the important thing is that they contain all the relevant detail about your employees’ total pay and time worked. A bit of common sense goes a long way, and the information above should get you started.