If you’re among those who have no idea how to generate a paycheck or what type of information should be readily available on a pay stub, you need to know the key components of pay-stubs and why it’s important to get them right.

A pay stub is a piece of paper that is given to an employee with each paycheck and that displays the amount of money that the employee earned and the sum that was removed for taxes, insurance costs, etc. In another word the purpose of paystub is for the employee to have an accurate record of exactly what was paid to them; it is a proof of income services. If you need to figure taxes that are due or withholding amounts that have already taken place, it is that piece of paper that you will have an exact record.

Online Pay Stubs are the simplest and most handy existing accounting tool you can use to calculate accurate record of exactly what was paid to them. They are the most faster and accurate than Humans. That’s why most people became habitual in using online paycheck stubs generator and it never crossed their mind that there is more to paystubs than just simple calculation.

There is no general categories, but they can be differentiated according to their calculator differentiates and layout.

Basic PayStubs

Simple pay stub or you can say Basic Paystubs are the one you are generally familiar with. It is a tool which allows you to create paycheck stub with the basic required details. You can create a customized pay stub according to your need, but by giving an extra amount. The only thing that separates the simple Paystub from the advanced paystubs is that the section which you see in the middle section of the paycheck calculator.

Advanced PayStubs

As opposed to this, Advanced Free printable pay stubs are loaded with all the minute details. It is used when you are already having a mindset of reflecting pinpoint details on the pay stub. Here, you don’t just enter gross earning but if employers want to mention Basic Earnings, Overtime, Holiday, Vacation, Bonus and Commission on the paycheck then advanced pay stub maker is for you.

The other difference between Basic PayStub and Advance PayStub is that unlike Basic Paystub that you don’t get to see YTD Gross, YTD Deductions and YTD Net Pay in advanced stub as all the details are classified beforehand.

So, how will you choose the right PayStub Online?

It is to be noted that there is no basic rule that you should use a specific paystub only. You are free to choose any of those according to your requirement. As mentioned above if you want a more detailed and classified one than it is best to go for the advanced paystub otherwise go for the simple pay stub.

Author's Bio: 

Aiken Culbert is an expert writer. He lives in Melbourne and He writes blogs and article on human resources and management, public policy, employment law, and workplace issues and trends.