Skip to main content

What are check stubs in payroll processing?


Many businesses are supporting online check stubs as they reduce paperwork and increase flexibility in work process. Switching from paperwork to online payroll services has drastically improves administering payroll and benefits. It is necessary that all the employees have access to check stubs at anytime and anywhere. Check stubs is payroll documentation. 
Benefits of using Check Stubs
Check stubs are the evidence of employment status and pay scale. A rolling 3 years of history is available to employees that include check stubs. They also include number of hour’s worked, applicable rate and the bonuses earned. When they need it, employees can print copies when they need for loans and taxes from their home, offices and from anywhere they have access to the Internet. You never need to track history information for your employees in future. The information can be accessed using mobile devices or personal computers. 
With the help of electronic check stubs, you won’t have to create payroll documentation for employees requiring the paperwork to support a loan application for instance. With fewer requests of this nature, HR can focus on important tasks. This system is very efficient for employees. Employees can download what they need whenever they need it.
Secure registration and access
Each employee gets a registration instructions worksheet that includes everything they need to register including your secure company code.
Reduce cost
It also reduces cost as no paper checks, check stuffing or mailing fees and no payroll delivery fees. Additionally, reducing the amount of paperwork generated for back office operations means saving on office supplies, postage and handling expenses while reducing paper waste, which is sound environmental practice for all businesses regardless of size.
Electronic records of check stubs and other employment-related documents are easier to store, track, archive and retrieve.

It improves productivity, delivery of services and reduces operational costs. If you are tied with any online payroll services then you can also add an additional feature of email. You can deliver check stubs via emails to improve work system efficiency and enhance employee satisfaction.

Comments

Popular posts from this blog

Payroll is more than just cutting paychecks

Payroll outsourcing has been highly productive for companies and has been functioning since 1997. In the past five years this industry has recorded a CAGR of 15 per cent. In short, it is a win-win situation. Payroll outsourcing service For any business, managing payroll is indeed a dreadful task as it consumes a lot of man hours and is not also income generating. Employees are the backbone of every business. And businesses need to pay their staff. Payroll can also be your company’s biggest headache if it isn’t done correctly. Payroll processing is more than entering hours and printing paychecks. Simple mistakes can cost penalties and interest. In addition to keeping up with dynamic business scenario and government regulations, payroll processing proves to be time-consuming and costly tasks for most businesses. Whoever is doing your payroll whether a service provider or a member of your team must understand the relevant tax laws and regulations, all of which vary considerab

Payroll Management Services

More than only standard accounting and tax filling services, Brooks Consulting helps in corporate tax filings and annual returns for the companies. We work closely with all our clients as we firmly believe that clear understanding of their business goal is crucial to impart the best payroll management services . Which system and procedures should be used to effectively deal with your company’s tax commitments? Where do you start? Tax management is daunting and risky undertaking at the best of times but these days businesses also need to combat with economic uncertainty and ever-changing regulatory oversight. Making sure that you have the right workforce in place and are employing the latest technologies to effectively manage your tax obligations, is not an easy task, especially if tax management is not the core job of your company. What’s more, tax deduction is different to different companies, depending on their divergent responsibilities within a company but one t

What is Payroll Outsourcing

Payroll Outsourcing which involves employing an outside agency to do the routine work of managing salary, its calculation and payment, along with any other related functions, has transformed into an extremely successful industry. India is today one of the major destinations for payroll outsourcing. Some of the reasons for this are: Team is headed by group of Chartered Accountants which means all the statutory laws are taken care. Cost savings for the company on outsourcing payroll processing are extremely significant and can go upto 50% at times. Reductions and cost effectiveness can be achieved. Productivity is improved, as service quality provided is excellent and this frees the company from non-income generating tasks. Latest technology and software for payroll processing are used. Indian payroll processing service providers have a very highly specialized and expansive knowledge base in finance and accounting which would be of help to businesses globally. These