Pay stub format in excel is a free easy to use spreadsheet format. This is useful for employers with limited resources. Download this pay stub, pay slip or paycheck stub excel format and implement it in your business.
Meaning of Pay stub
It is a piece of paper given to an employee by the employer. It shows how much money is being paid and how much is deducted as tax and other statutory deductions, etc.
Pay stub format in Excel
While the pay stub form is subject to local regulations and policies, it usually includes general data such as the name of the company, the name, title, and employee department. Also, Other elements include the period, the date, method, and detailed information on types of payments, amounts paid, the currency, and deductions.
To avoid mistakes, use Excel’s formulas for everything that requires computations.
The pay stub form provides employees with information on received payments. It covers a specific period and includes data related to the method of payment, wage, hourly payments, benefits, and deductions. Lastly, The pay stub form has to follow labor regulations in your country and the company’s policy.
Download and use pay stub format in excel
Follow the steps below, to download and use this excel template –
- Firstly, You should have Microsoft Office/ Microsoft Excel installed in your system.
- After installing Excel or Spreadsheet, download the zip file of this template, extract the template using WinRAR or 7Zip decompressing software.
- Once extracted, you can open the file using Excel and start entering data or customizing the template.
- Take reference of local labor compliances to customize this template.