Payslips are a requirement for any reputable business, as they help both employees and employers keep track of wages earned every pay period. Whether your company is already established or just starting out, tips regarding payslips for beginners can be helpful for your business. Fortunately, there are plenty of options for companies to obtain pay stubs for employees. It is up to you whether you play it safe with handmade blank pay stubs or get creative with your computer.

If the thought of obtaining business payslips for your company intimidates you, know that the process is painless. There is plenty of help online, and much of it is free. Simply choose your preferred option:

1. Create blank payslips for free using basic resources.
2. Find a pay stub template online and use your computer to customize it.
3. Purchase paystub software for advance payslip options.
   

Action Steps
The best contacts and resources to help you get it done

Create blank payslips from scratch

The easiest way to attain payslips for your company is to make your own, either handwritten or using your computer. Once you find out how to make your own payslips, your company should never run out of payslips at the last minute. Simply find out the required information that belongs on a payslip, and either type it up or write it out on paper.

I recommend: Use sample pay stubs online to find out what information should be present on pay stubs and how it should be formatted. National Payment Corporation and A M Walton Bookkeeping Services both provide examples of information that should appear on payslips.

Use a payslip template from the Internet

If you want to create customized payslips, simply find a template online from a reputable site. Templates come with all the pertinent information, but allow room for some personalization, as individual items can be changed. Find a template for free and make it yours simply by using your computer.

I recommend: Microsoft provides a payslip template for Word. LetterLope also offers payslip templates.

Create electronic pay stubs online with payslip software

If you feel more comfortable leaving the task of creating paystubs to the professionals, use payslip software. Many paystub programs include value-added extras, such as payroll processing.

I recommend: RealTaxTools.com offers Payroll Mate, which creates professional pay stubs and even takes in account the appropriate tax withholding for each state. Focus Professional Services offers PowerTime Online Paystub and W2 Software, which allows employers to keep everything electronic and eliminates the need to print out pay stubs.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  If you are hesitant about creating your own pay stubs, consider letting your accountant take over the job. Most accountants should have an idea of what information belongs on an employee paystub.

Every business needs a way to record the amount of money employees receive on payday, which is why payslips are crucial to your company. They also display how much tax and insurance has been deducted from each check. Whether your business is large or small, as long as you have one or more employees, you need pay stubs.

In this day and age, it is not surprising that there are many options when it comes to obtaining payslips for your company. Choose among the following ideas:

1. Find a free online pay stub template to print out.

2. Create paystubs on your computer using existing software.

3. Purchase paystub software to create your own.

Action Steps
The best contacts and resources to help you get it done

Print out a pay stub template online

If you want a simple format, you can often find templates of blank pay stubs for free or very cheap online. This option does not provide much room for creativity, but it is free and simple. For these reasons, it is a popular route to take, as you simply have to supply the paper to print out your new payslips.

I recommend: Microsoft's payslip template is popular among many business owners due to its simplicity and easy download. One-on-One Learning Center makes simple pay stubs slips using Microsoft Excel. They charge a very low price for the template and save you the time it would take to make your own.

Use general office programs to create business payslips

Whether you want to create and print out blank payslips to fill in with pen later, or just want to type all the information into the payslip immediately, you can use well-known programs to do so. Nearly everyone has Microsoft Excel, and many computer users also have small business programs installed on their work computers, as well. Whether you are PC or Mac user, there are a few popular simple solutions available when you want to make your own payslips.

I recommend: Hewlett-Packard offers a free online course that will get you up-to-date on Excel formulas, such as the popular pay stub formula. MYOB AccountEdge for Mac allows you to choose between controlling your own payroll and using their full-service option. Either way, you can create your own pay stubs and email them to employees.

Use payslip software to develop your own pay stubs

If you want to update the way you handle payroll in general, you can purchase a program specifically designed to perform such functions. Most programs that allow you to create your own pay stubs also come with complete payroll systems, so be sure that you need such a system prior to purchasing one.

I recommend: Sage Software offers a software program that allows you to do your payroll online and create payslips for your business. The company provides a free demo on its site so you can decide if it is for you or not. iEmployee Pay Stub & W2 allows your company to save money by not printing out every pay stub. Instead, employees will be notified by email when a new pay stub is issued, and they can print it out if they so desire.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Many websites allow you to download either a free copy of an older program used to create payslips, or try out a free demo before purchasing the software. Take advantage of such offers before spending money on a program that might not work for you.

A pay stub template is important not just to the businesses which hand them out, but also to the employees who receive them. Blank pay stubs work to organize and illustrate payroll information for employees, business owners and business financial specialists. Blank payslips are meant to be filled in by businesses with each employee's payroll information. Since businesses are required to pay their employees for their services, all businesses can benefit from implementing business payslips and doing so through the use of suitable payslip software or employee paystub templates. These forms serve as proof of legal monetary transactions.

Companies should be aware of the different payslips types and styles in order to make sure that the best payslip style is being utilized by each and every business investing in them. Sample payslips and payslip template styles businesses might be most interested in investigating include the business' option to:

1. Consider offering online paystubs through the appropriate paystub software programs.

2. Research how you can continue to make paper paystubs available to employees.

3. Investigate implementing electronic pay stubs at your place of business.

Action Steps
The best contacts and resources to help you get it done

Explore online pay stubs for use at your business

Online payslips are beneficial to businesses as well as employees. Businesses reduce their costs since they don't need to purchase as much paper. Employees can more easily keep track of their payslips when they are stored in one location, online, as opposed to potentially being random pieces of paper scattered around their office or home.

I recommend: ComputersInPersonnelHR.com illustrates a sample picture of what online payslips look like. The site also offers information with respect to online pay stubs from this particular company, including the ability for employees to view the paystubs on a secure online Internet webpage. Meanwhile, AllBusiness.com offers an article detailing most employees' preference for online paystubs over their paper counterparts.

Investigate paper payslips for your employees

Paper payslips are convenient and simple. There are no potential technical problems which can prevent the processing of paper payslips, which is not always true of other types of payslips. Employees have physical copies of their payslips, which can offer a feeling of security.

I recommend: Paper paystubs are easy to create using a payslip template. Microsoft offers a payslip template using MS Excel, while a variety of different templates and software programs for payslips can be found at RocketDownload.com.

Deal with electronic pay stubs for proof of legal transactions and payments to employees

Payslips can be emailed to employees as PDF files. Electronic paystubs, like online payslips, help to reduce the paper waste businesses accumulate and create.

I recommend: Information regarding the benefits of electronic paystubs can be found at PMCA-US.com. Benefits are explored from employer and employee perspectives and include significant cost reductions and the ability for employees to easily examine past pay period payslips. Saasu.com offers information about electronic paystubs, including what to place in the email's To, From, BCC and Subject lines. Find images of PDF payslip files at ManageYourPayroll.com.

If you own a company with at least one employee, you will need to know how to create payslips. Each employee will need a payslip, also called a pay stub, every pay period. Fortunately, you have many options based on the time and money you are willing to put into this. Before you decide whether to create your own from scratch, get some basic help or rely on a program to make your payslips, you first need to know the key terms. You might be surprised by the number of payslip-related definitions you do not know, but once you learn them, you can choose just how much time and effort to expend in creating payslips.

Action Steps
The best contacts and resources to help you get it done

Payslip

A payslip is proof of payment. Having a payslip is helpful to employees when it comes to proving how much they earn, and it also protects companies from being sued for nonpayment.

I recommend: ClearPoint Financial Solutions explains what a payslip is, and lists the information to be included on each one.

Payroll

Payroll is a record of each employee's salary, deductions and bonuses. A payslip shows a summary of these numbers for a particular employee each pay period. Every company needs paystubs to represent the payroll to each employee.

I recommend: West Bend Mutual Insurance Company discusses the information normally found on payroll.

Payslip template

A payslip template will help you make your own payslips. You can find free templates online or on popular software, such as Microsoft Excel. You can simply fill out a template with your company's payroll data and print it out for an easy, customized payslip.

I recommend: BusinessKnowledgeSource.com explains what a pay stub template is, and where to find one.

Payroll software

Another way to obtain payslips is to use payroll software. This type of program will make sense of any data you enter regarding payroll, and will print out pay slips for you based on those numbers.

I recommend: Get an overview of payroll software at wiseGEEK.

Sample payslip

You can use a sample payslip to create your own payslip. You can simply look at the information listed on the sample, and delete any information that does not apply to your company. A sample payslip is a helpful tool when you need inexpensive payslips.

I recommend: SurePayroll defines a sample payslip, often called a sample paycheck stub, and lists the information it should include.

Electronic pay stub

An electronic pay stub is an alternative to the paper pay stub. It is typically emailed to the employee, who can decide whether to print it for their records.

I recommend: MyPayStub.info explains electronic pay stubs and lists their benefits.