If there's a topic that's missing
from our site, let us know!
Here's a little bit of fun, a "Who's Line is it Anyway" set where they sing about accounting.
We've tried both the Inuit Online Payroll and the Paychex system, which is why there are links to them on this site. Seems like lately there's a bunch more systems out there. Your mileage may vary, but my recommendation to you is that you stick to a company that has been around for a while and that you trust with doing payroll. A big part of having a relationship with a software vendor is security -- it's not that you are looking for them to be able to add and subtract better, it's that you want somebody you can trust and that has a reputation that they don't want to ruin.
There's a ton of hourly paycheck simulators out there. Remember that payroll checks vary from state to state, and even from city to city. So as far as how accurate these are? I don't know. Even if they are accurate they would have to be updated at least once a year, because this stuff changes every year. Is the one you're using frequently updated?
I'd recommend using one of the big online companies. Most of them have some kind of calculator you can access either for free or for a very small amount of money. And you know they'll be updating it on a regular basis. Here's Intuit's version.
This is very simple, but it depends on having the right software.
Find some accounting software. Complete the company setup and the payroll setup. Then enter hours and print paychecks as always. Most software will either pay your employees with direct deposit, which is easier for everybody, or print out checks and stubs on standard business checking stock you can buy at the office supply store.
If you had to sketch out a dummy paycheck, it would look mostly like any other kind of business check. It's a mistake to think that payroll checks have to look different. They do not. But you are definitely required to provide a written record of whatever deductions you want to take. That record (as far as I know) can take many forms.