Payment of your employees is one thing that needs to be done with utmost precision. You should remember that the reason the employees work in your company is for the payment. Workers expect to get paid in time and right notifications made. Big problems can also arise if you do not provide the employees with the deductions you made to their salaries. Delayed payment notifications can also be the source of major problems in a company. Companies, therefore, always ensure that they give their employees right notifications to avoid the problems that might arise. One of the most important documents attached to a pay slip is the pay stub.
A pay stub is a document that shows a company has made payment to an employee. Upon completion of payment transactions, the company then prepares the pay stub. The pay stub is in most cases considered to be more important than a paycheck as it gives the entire breakdown of the employee’s earnings. A payment stub can be prepared manually, using a payment stub software or online.
Whatever the payment stub creation mode you decide to use, always go for that which favors your situation. Of all the modes used to create a stub, the manual stub creation is the least used. It is very time-consuming to create a stub manually and very tiring too. There exists other two less time-consuming stub creators but they have differences between them. The differences between creating of stubs with the stub software and the use of online stub creation have been listed here to help you decide.
Computer programs that are specifically made to create stub are called stub creating software. Once you purchase the stub creation software from a software developer, the stub software becomes your firm’s property. The software can be customized to the colors and the items of pay in the company. Being customized to specific items of the company, the stub creation software are very easy to use. The stub creation software is, however, disadvantageous in that the technology keeps being phased out with advancement of technology. When a software gets phased out, you are supposed to purchase a new one or update the existing one and this costs you money.
Another stub creation way is the use of online payment stub creators. The online stub creator will generate payment stub for you without you having to own the program by only feeding necessary information to the site. Creating stub online is the cheapest mode of stub creation. The user also enjoys the most recent technology since the online sites always update the sites anytime a new inclusion or change is needed. The fact that online stub creators are fast means that you save time