How can you create payslips for free?


Quick Answer

Create payslips for free by using or modifying the templates provided by the FreeSamplesTemplates.org and ExcelQuant.com sites. FreeSamplesTemplates.org provides the template in Microsoft Word format while ExcelQuant.com provides the template in Microsoft Excel format.

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Full Answer

The templates include sections for employee identification information, pay rate and date information, relevant tax information and information regarding the balance of time off. Sections at the bottom include places for the signatures of the employee and his director.

The tax information on the template includes sections for the employer's provident funds, federal withholding and state withholding, with a section at the bottom to represent the overall amount of deductions for the pay period. If employees have more specific tax requirements or if regulations require additional tax info, they should consult a tax professional as needed.

The pay period is one of the most important sections because it represents the exact time period an employee is being paid for and thus must be updated for each different payslip. The section for employee earnings must include information about any bonuses or financial awards the employee received from the company for this pay period. Different employers, agencies and states may require additional data to be recorded and given to the employee, which may necessitate adding additional sections to the template.

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