Pay Stub: How to Create Pay Stubs?

There are many tasks and responsibilities to handle when having a business. One such task is handling pay stubs for employees. Keep reading to learn how a pay stub generator may help with this task. Moreover, you’ll learn about pay stubs and what generators to use to create these documents. 

What Is a Pay Stub?

Before we figure out what a pay stub generator is, let’s see what’s a pay stub. A pay stub summarizes the employee’s income and offers information on how much taxes they pay and the compensation they may be entitled to. The document also includes reimbursement details in case the employee is entitled to one. 

Pay stubs represent an employee’s total earnings, deductions from those earnings, and the eventual salary that is left after all deductions and taxes. Figures for the current pay period and the year-to-date are shown in separate columns for convenience. However, it depends on the template chosen by the company. 

Pay stubs display the total amount (gross income) earned, which may include the following: 

• Regular wages (salary or hourly earnings).

• Additional commissions.

• Bonuses and premiums.

• Sick leave periods.

• Pay for holidays.

• Vacation periods and pay.

The pay stub also includes another important section, which is deductions. These deductions include:

• Federal, state, and local taxes.

• FICA deductions.

• Medicare.

• Premiums and insurances (life or health insurance).

• Contributions to a retirement or pension plan.

• Payments on a loan.

• Donations to charity.

Other deductions may even include contributions to child support. If an employee is required to pay child support and there is a court order, the employer typically withholds a specified amount of money.

It’s worth mentioning that not all pay stubs look like the one described above. In some cases, companies don’t require their employees to work during holidays, so there won’t be a section that specifies an hourly rate during a holiday and how much the person worked. 

What Is a Pay Stub Generator?

As you’ve probably figured by the name, a pay stub generator is a tool or an online service that enables employers to create employee pay stubs. This tool is often used by self-employed people, too, so it’s more convenient for them to handle their taxes based on the information from the document. 

A pay stub generator is a service that greatly facilitates employers’ lives. Instead of manually calculating data, users can save time and generate check stubs by using convenient templates. A typical pay stub generator enables users to choose a suitable template. Moreover, it offers instructions on how to use the generator. 

What Services to Use?

There are multiple convenient and affordable online generators to use. Here’s a list of the best ones:

• Real Check Stubs.

• Shopify Pay Stub Generator.

• Wave Financial Pay Stub Generator.

• Wix Pay Stub Generator.

• ClickFunnels Paystub Maker Tool.

Each service has a convenient way of making pay stubs. Moreover, these are some of the most affordable tools. Now, let’s dive into the details of each service.

Real Check Stubs

This is one of the most affordable and convenient tools you will ever find on the Internet. It has several professional-looking templates to choose from. Moreover, these templates clearly state where you should put a different type of information for the convenience of clients.

For instance, depending on the chosen template, you will see the space where to input the employee name and address, gross earnings, pay rate, hours worked, current pay, etc. Then you can check out the preview before creating a template. Thus, you can verify if you made any mistakes or forgot to input data. Once everything is set, you can create a pay stub. You will receive each pay stub in your mailbox. You can group up pay stubs for convenience. 

Shopify Pay Stub Generator

Shopify’s online generator meets all the requirements for a convenient and multi-functional pay stub generator. The software tool can generate pay stubs that include data about the firm, employees, income (gross and net), deduction information, and other withholdings. 

The clients are asked to fill out chosen forms and follow the four-step instruction on the pay stub generator’s page. Like Real Check Stubs, Shopify lets you preview the check stub before creating it. The service then emails you your electronic pay slips so that you can hand them over to your employees.

Wave Financial Pay Stub Generator

Wave’s check stub generator is simple and accessible to use even if you’re a beginner and have just started your business. You may generate easy-to-share pay stubs with all necessary data. 

The online generator includes a section for YTD components, which show how much gross pay a staff member earned from the start of the year to the pay date for the pay stub. Employers may also include total deductions and total net salary for the entire year. Thus, it’s simpler for the employees to fill out their tax returns at the end of the year. 

Wix Pay Stub Generator

Wix’s pay stub creator is another excellent solution for small firms who need to generate pay stubs online and don’t want to spend a fortune on accounting software. The generator, like other Wix solutions, is simple to access and use. 

The generator requires users to add such information as the company information (name and address), employee data (name, address, social security number), employee gross income, tax deductions and withholdings, and net income at the end of the document. Then the system sends you all generated pay stubs.

ClickFunnels Paystub Maker Tool

The app is known for creating sales funnels. However, ClickFunnels also provides other business tools, such as a pay stub generator. With a few simple steps and necessary data from employees, you can generate professional-looking pay stubs. 

It’s simple to use, and one can say it’s one of the most beginner-friendly services. First, add data and calculate data automatically. Second, verify and produce pay stubs to receive them in your mailbox. The next step is to print out these documents and hand them to employees.