If there's a topic that's missing
from our site, let us know!
In the United States, can You File Your Taxes Using Only A Paycheck Stub?
Looking for a quick way to calculate a payslip? Probably the best way is to find a company that is in the business of doing payroll and seeing if they offer some kind of free app for you to use. Quickbooks does this. I'm sure other companies do also.
If you're looking for a template to do it yourself, be aware that this isn't like going to the store for a bottle of milk. Payrolls and payslips have all kinds of special rules and regulations they have to meet. You're probably much better off finding a person or a piece of software to do this for you. Either that or take a couple of years and go to night school to figure out how it all works. Even after doing all of that you'll probably just pick up some software in the end.
There's two main parts to the payslip. First there's the financial instrument -- the part where you promise money to somebody else. Note that paychecks are a special kind of promise that mean a lot more than just a regular check. You might accidentally float a regular check and get away with it. But if you bounce a payroll check there can be serious problems. Don't do that. If you can't make payroll just don't cut the check. That's still bad, but not as bad as writing a bad paycheck.
The second part is the payslip stub. It's where you show how much the person made in total, then how much you took out for each kind of deduction. It doesn't have to be a physical part of the payslip -- it's not like you have to buy certain kinds of payslip paper -- but you do have to present the person with a written document as part of each payment.
On the stub there's a lot of boxes for the various kinds of things you have taken out.