Starting your own business begins with an idea. Once you’ve committed to going out on your own, you’ll discover the various tasks and responsibilities that come with being a business owner.
If you’ve ever played stud or draw poker, before the hand is dealt, there is an ante. This is the required amount of money each player needs to put up each round just to play. Think of creating pay stubs as the ante for running your business. Pay stubs are likely not the reason you started a business, but they are an important prerequisite.
Because your business is probably built around a passion or a particular area of expertise that you possess, you are going to need to learn the prerequisites I just mentioned. Managing payroll and generating pay stubs are two of those things.
Doing both can be as complex or as simple as you want them to be. And that may be done by using a pay stub generator like 123PayStubs. Here are four reasons why choosing 123PayStubs will add elegant efficiency to your business.
Your Employees Need Pay Stubs
When your employees go to borrow money to buy a car or a home, they will have to show proof of income. By applying for mortgage pre approval, your employees will declare to the bank how much money they make. During the underwriting process, these same employees will have to back their claims with documentation. Pay stubs will serve as such.
Money In, Money Out
In life, as it is in business, it’s not about how much money you make, it’s about how much money you spend. Human capital is likely going to be your largest, continuous monthly expense.
Pay stubs serve as detailed accounts for both you and your employee. They will be your records of expenditures as much as they are proof of their income.
Protect Your Payroll
When confronted with the issue of running your own payroll for the first time, you might think to hire someone to do it for you. If you’re running a restaurant or a bar, and the idea of tallying tips while calculating deductions and withholdings seems insurmountable, you could reasonably think that hiring an employee, an experienced expert, might just be the cost of doing business.
Consider this: hiring someone to create pay stubs means that not only will you have to take on an additional salary, but you run the risk of your expert leaving. Should that happen, who will make pay stubs for your employees?
Protect yourself from both things and use a pay stub generator. Not only will your costs be drastically lower, but you will also have complete control. You don’t need to be a payroll expert to use a pay stub generator. 123PayStubs is designed for business owners like you in mind.
Eliminate Human Errors
When you opt into using a pay stub generator, you will be responsible for entering information: wages, hours, addresses, company details. All of your calculations and deductions will be done for you based on what you’ve provided. And if you should make an error, we offer free corrections.
123PayStubs does everything we’ve discussed and more. If you need to generate pay stubs, there’s not a more efficient and elegant solution. Generate pay stubs in less than 2 minutes for the lowest price. Also, you can get your first pay stub for Free.