An employee pay stub template can be a lifesaver for many. However, before you rush out to buy one, there are a few things that you should know. For instance, not all pay stub services are created equal. In fact, not all payroll services offer the same features or tools. So, what exactly should you look for in an employee pay stub template?
First, and foremost, the template should have options that allow you to create your own pay stubs. Many services simply copy your information and then produce the documents electronically. While this is certainly convenient, it’s often not quite as effective as you might like. The best solutions provide you with the ability to not only produce your own electronic copies of your stubs, but also to submit them electronically as well.
Now, let’s talk about how that might be useful. Let’s say that you need to submit a lot of pay stubs. If you’re receiving them via paper, it can be a hassle. You’ll have to find a place to post them, fill them out, then print them out (which can take forever). This could easily double your production time and keep you from getting the information that you need.
With an employee pay stub template service, you’ll have the ability to create a form that you can simply load onto a computer and then submit. The form loads onto your computer just like an ordinary form that you’d fill out at the post office. Then it’ll print out the information that you need, typically including your personal information (or at least the information that would identify you, if you’re a sole proprietor). You can then mail them or send them electronically. Either way, you’ll receive all of your employee information, which will eliminate paper, ink, and toner.
Also, you’ll be able to reduce your need for labor hours. When you have lots of paper to deal with, you’ll pay a lot more. If you use this service, you can print out one copy, then cut and burn it, so that you only need one copy of your record. It also makes it much easier to compare your records from the stub to your paycheck, because you’ll have a hard copy to compare to.
It will also allow you to take care of any discrepancies with the pay stubs quickly. It will take about thirty minutes to prepare a new stub, so you’ll be able to get the information up and running quickly. You won’t have to worry about going back to the company, calling someone, or waiting for weeks to get a second opinion.
Now, here’s where the real savings comes in. Since the online pay stub template is so easy to use, you can give it to any employee, even if they’re not working with a company. They can use the stubs to show that they are employed and also get a form of identification, or use it for tax purposes. It can be used by anybody, so your business will benefit in many ways.
The bottom line is that using a 1099 employee pay stub template can really make things easier for you. You won’t have to spend hours sending hard copies of your pay stubs, and you won’t have to worry about spending hours on the phone trying to contact different companies for information. It’s an easy process to complete, and it will help streamline the entire payroll process, and get your information onto the right forms and in the right places. That’s something everybody wants for their business. Use the online payroll service to help you save time and money and get all the information into the format your company needs.