Weekly Timesheet With Payslip Excel Template. We have created a ready-to-use excel template for Weekly Timesheet With Payslip. Now you can manage in and out times of your employees and prepare their payslips at the end of the month without any hassle with our Weekly Timesheet With Payslip Excel Template. Tag: Weekly Payslip Template. 28+ Payslip Templates. Free Excel Templates. Home; Contact Us; Terms and Conditions. Cost Calculator Template; To Do Lists. 21+ Payslip Template. A Payslip template is professional format which is one of the most important and essential financial document which shows an employee’s monthly earning which he/she earn as per policies of company or organization. It should have complete details about the total earning, deduction and net payable amount of the employee.

Choose an appropriate payslip template from below provided payslip templates to create payslips for your employees and workers. Following payslip templates are prepared with a professional layout and design that any business organization or company can use easily. A document providing details about the salary or pay of an employee is usually known as payslip. Payslips are generated by employers, business establishments and companies for their all employees and workers at the end of month to tell them that how much amount of money they have generated during the month and what amount of money is deducted as taxes and for settlement of employee account.

This pay stub template offers a contemporary design and ample blank space for an easy-to-read layout. All of the typical check stub fields are included, from pay period and check number to employee info and payment details. This payslip template is a simple option for those who want a Microsoft Word version.

More about payslip templates

Payslips are provided to customers at the time of salary payment and according to labor laws receiving a payslip is basic right of every employee. Payslip can be a printed piece of paper or soft copy sent to the employee via email. Pasyslips are usually prepared for employees when they receive salary as direct deposit. Paysllip helps employees to check that whether the company or employee is making payment accurately or not. Payslip serve employees as basic salary document to track salary payments received by the company or business for preparing income tax return or for other purposes.

Almost all business establishments and companies create payslips to document in writing that employees has been paid by the company according to services provided for well being of the company or business. Variety of different computer programs and software is available in market that an employer or business can use to create computerized payslips. If you don’t want to buy expensive software for creating payslips then simply go for the bottom of page and find a suitable payslip template to create payslips with company name and logo. With help of the payslip template you will feel liberty when making payslips yourself.

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Monthly Payslip Template

Working in an organization, you may have often come across a slip addressed directly to an employee indicating their salary and allowances for a particular month. This slip is known as a payslip. Payslips are issued every month and to every employee. A pay slip is a statement showing how much an employee earned in a gross amount less the deductions for Special funds such as Providence and pension funds. Payslips are commonly used in organizations big or small.

In older days, pay slips were printed and given to employees as hardcopy. This practice is still common in some organizations. Many organizations also choose to email the payslips to employees.

Large organizations usually have online portals for their employees to manage their profiles, file online applications, and manage other administrative duties. These organizations also use the employees’ portal to upload payslips. So, each employee can log in into the portal and access their payslip online. Uploading on the online portal saves considerable paper and expense.

Weekly Payslip Template Excel

There are several benefits of payslips. Payslips are a way of communication about the salary between the organization and its employees and it works to effectively minimize any misunderstandings. Payslips can also prove helpful during external and internal account audits. Payslips are useful in comparing discrepancies that may arise when calculating provident or pension funds.

Every organization, big or small, issues payslips to its’ employees. A payslip is a statement of income and deductions for a particular employee. Each payslip is unique to a particular employee with their name on it. The payslip for one employee cannot be given to another since it is addressed to the employee with his/her name and employee ID.

Payslip and payroll both refer to two separate concepts. A payslip shows the salary and deductions for a particular employee only. On the other hand, a payroll is the list of all the employees working in an organization. The payroll not only lists the employees but also their salaries, bonuses, and any taxes withheld. Thus, the payroll is the total amount of salaries paid by an organization, and a payslip is for an individual employee.

In terms of importance, a payslip is important for the employee, so they are aware of the breakdown of their salary. Similarly, the payroll is critical for the HR department in the organization since any discrepancy in the payroll may cost the organization a huge loss. It is the responsibility of the HR department to ensure that the payroll is accurate and timely.

Both payroll and pay slips are generated at regular intervals. These intervals can be weekly, bi-monthly, or monthly. The most common duration is monthly.

A payslip generally includes:

• name of the organization
• name of the employee
• employee ID
• gross salary for the month
• any allowances such as housing, travel or communication allowance
• bonuses if applicable
• deductions for providence fund, pension funds
• taxes withheld
• net salary

A payslip may also include the past few months’ histories of gross and net income. The net salary is the take-home salary that the employee can spend.

A payslip is an internal, yet binding document issued by an organization. If someone wants to apply for a loan or credit card, they can use previous payslips as proof of salary. Moreover, by law, every organization must provide payslips to all its employees every time a payment is made to the employees. Thus, an organization that pays bi-monthly, must provide bi-monthly payslips. Thus, payslip is a legal document.

Weekly Payslip Template

See the templates below.

Preview

MS Excel [.xls] | Download

Weekly Payslip template

MS Excel [.xls] | Download

Biweekly Payslip Template

MS Excel [.xls] | Download

Monthly Pay Slip Template

MS Word [.docx] | Download