Any business will always work with paper, even if the world has long since switched to online payments. A person will still need his check stubs because it is an integral part of any business. This is just as important for the employer as it is for the employee. Some countries even have special laws requiring check stubs to be provided personally by the employer. What else is vital to know for every employer who runs his own business and has his employees subordinate?
What are Check Stubs?
In general, a check stub is such a special receipt that looks like a payroll or check. It is also a genuine document. The checks contain the stub number itself, information about the company or organization (about the employer), information about the employee himself, the amount paid, the rate, the payment period, and all deductions and taxes. These details must be spelled out; otherwise, in front of you is not a sequin spine at all.
Why is it Needed
Although they say that checks are no longer considered a necessity this is an important detail. Checks are a necessity and need for an employee. Any responsible and respected employer should provide check stubs to their employees. For example, in the states, there is even a special law providing for the regular provision of checks – and everything is backed up by the labor standard. In other words, everything is very serious.
Benefits of Checks
There are significant advantages to check stubs. So, each employee can draw certain conclusions for himself about the organization and its responsibility to each employee.
- this is a direct tracking of your wages, everything is as transparent as possible here;
- this enables the employee to use the received check as personal deductions and necessary recommendations;
- this shows the specific amount deposited, as well as a clear explanation of why.
Let’s suppose that an employee wanted to leave the company. How can check stubs help? When applying for another job or when taking a loan from a bank, you may need to support a check stub. And you will need just not an electronic version, but a paper version.
How to Get a Check
An online system is often used to calculate wages, so every employer has the right to access receipts via the Internet. Often companies have a special accounting department that also deals with issuing check stubs. So, you can get checks by going to the accountant. To prevent others from accidentally receiving or reading your payment slip, you must enter a password as a security measure. This is the case if you still decide to look into the online payment system. If you have not received paychecks for some time, there was no time, or there is some other reason, then you should not worry. The fact is that the employer keeps all the checks for a long time. No matter how you twist it, check stubs are important, if only because it is an indicator of the complete transparency of the company’s work.