Online Payroll Check Stubs vs. Conventional Payroll Management

Comparison of Online Payroll Check Stubs vs. Conventional Payroll Management

Truth be told, it’s a never-ending battle!

But, don’t you feel curious about the accuracy of the details included in your pay stub and timely payment? In this blog, we will dive into the world of payroll and its way of management, where a debate continues between modern paystub makers online and manual pay stubs. Let’s get started.

What is a Payroll Check Stub?

To put it simply, a pay stub is a payslip containing your income statement for your employment, including your earnings, such as gross pay and net pay, and deductions for a certain period. It breaks down the key details of your income, such as what final amount you have derived and how much is withheld for social security, health insurance, and tax.

Both for employers and employees, pay stubs are important to keep track of the earnings and deductions of staff, creating reliability between them and their team. Moreover, it offers proof of income, transparency, and accuracy verification to employees that their pay is correctly calculated. In fact, an individual can easily understand their income flow from this mini statement and do further financial planning accordingly. However, it goes without saying that manually creating pay stubs is time-consuming and increases the chances of errors when entering the data.

That’s why many companies these days have started switching to online paystub generators from conventional methods, and here is where the battle begins.

Online Pay Stub Generator or Manual Payroll Check Stubs: Which Offers Better Payroll Management?

Conventional pay stubs are no different from modern ones except that they are created manually, which makes it not just time-consuming but full of errors in some cases. For example:

Miscalculations:

When creating a paystub manually, employers can miss out on an employee’s overtime, time off, or shift premiums due to juggling with other administrative tasks. As a result, these calculations remain missing even on your paycheck, leading to financial stress and loss.

Misclassification:

Depending on the specific classifications, many employees enjoy certain benefits that others don’t. Misclassifying an employee may make them miss out on the benefits from the company they deserve. Creating a pay stub manually increases the chances of misclassifying staff. In fact, the employer may have to pay hefty fines and penalties for this.

Incomplete Records:

Maintaining complete records in pay stubs is important. But when doing it manually, mistakes can happen, such as missed payments, affecting the relationship between employers and employees. To ensure up-to-date records, it’s important to switch to an online paystub maker.

Benefits Online Payroll Check Stubs

Online payroll check stub generators eliminate all the risks and errors mentioned above. Moreover, it offers the following benefits:

Save Energy and Time

Just with a click of a button, you can generate a pay stub for your employees in just five minutes. It ensures accuracy in terms of state and federal income tax deductions and net or gross income while complying with the latest rules.

Reducing Human Error

When creating pay stubs manually, it’s common to make errors such as incorrect data entry, misclassified employee names, etc. which can cause problems during tax time. With an online paystub maker, you can actually cut down on these errors and save time.

Maintain all the Records

As mentioned, keeping pay stubs up-to-date is complex when done manually. But, gone are the days of paperwork! With online pay stub makers, you can keep everything organized in one place and keep track of the paychecks sent to employees previously.

So, are you ready to switch to online payroll check stub generators? Whether you are an employer or an employee, Paystubmakr is the best one to make real pay stubs online in just five minutes. It will give you a clear picture of your income flow. You just need to follow three steps: input details, review details, and print or directly send them to the email of employees.

Start today and check out our explainer video if you’re interested in knowing how it works!