An Essential Guide for Creating Paystubs Online

As a business owner, your time is precious. With so many tasks on your plate, providing your employees with paystubs may just feel like another time-consuming task you have to add to your to-do list. But, as we mentioned above, paystubs are essential documents for you and your employees. Luckily, there are more convenient ways for creating paystubs than doing it manually. When it comes to creating paystubs effectively and efficiently, an online paystub generator is your answer. 

If you are handling payroll on your own, using an online paystub generator can help you create professional paystubs quickly and easily. Creating your paystubs online with a paystub generator such as 123 Paystubs will ensure that you are providing quality and error-free paystubs to your employees.

Follow this guide to create professional and accurate paystubs in minutes with 123 Paystubs:

Choose a Paystub Template

123 Paystubs has several sleek and professional paystub templates for you to choose from. 123 Paystubs’ templates are completely customizable and you can create templates that fit the exact needs of your business. Once you’ve created a template, you can use the template for all future paystubs, ultimately saving you time and effort. 

With 123 Paystubs you can include/or not include information on your paystubs such as last year-to-date values, additional income and deductions, and FUTA and SUTA if required. Trying to configure all of this information into someone’s paystub manually can be very confusing and time-consuming. However, adding this additional information onto someone’s paystub is simple when you use 123 Paystubs.

Fill in the Required Information

When creating a paystub with 123 Paystubs, this is the information you will need to include:

Company information 

Your company information will include your company name, Employer Identification Number (EIN), and company address. Your Employer Identification Number is the unique nine-digit number assigned to your business by the IRS.

Employee/Contractor Information

The information you will need is the employee’s name, social security number, wage rate, hours worked, and filing status (single or married). This information can be pulled from the W-4 or W-9 that you had them complete upon being hired. 

Pay Schedule Information

The information in this section includes your payment schedule, pay period start/end, payday, and stub number. It is important to create a payment schedule and stick to it. This will eliminate any confusion your employees have about payday and it will make creating your paystubs easier

Review your Paystub 

After you’ve completed entering in all of the required information on your paystub template, you should review the paystub and check that all of the information is accurate. This is extremely important because the impact of even the smallest error could result in a long list of issues. Fortunately, making a correction online is far easier than on pen and paper. If all of the required information on your paystub is accurate then your payroll calculations will be accurate as well. 

When you create paystubs with 123 Paystubs, your payroll calculations and deductions will be handled automatically. The days of crunching numbers are no more! Having your payroll calculations completed automatically will save you time and give you peace of mind knowing the calculations are accurate.

Keep a Record of Your Paystubs

Once you have previewed your finished paystubs and are satisfied with them, 123 Paystubs allows you to either download, print, or e-mail them directly to your employees and contractors. Being able to send paystubs to your employees instantly is a huge benefit of using online paystub generators. Your employees will no longer have to wait for checks to be distributed to them and make a trip to the bank to deposit their money.

Having your paystubs stored online also makes for convenient record-keeping. When you use 123 Paystubs, your previous paystubs will be stored securely within your account.

Start Creating Professional Paystubs Today!

If you have the correct information and are using an online paystub generator, creating the perfect paystub is not difficult. 123 Paystubs is an online paystub generator that will help you create accurate and professional paystubs in minutes and meet your IRS tax filing requirements with ease.