As an employer, it is important that the payslips you give your employees reflect and explain their salary and all the necessary or applicable additions and deductions. There is no standard format for a payslip, and companies can create their own versions, as long as the different elements are clear.
Rachel Kelly Davis is a literature-loving foodie who suffers from occasional bouts of wanderlust. Take a look at the payslip below and try to use it as a template or guide on creating your own payslips for your employees. If preparing a payslip confuses you, check with a CPA that you have calculated everything correctly.


Try to explain the payslip system, deductions, and what your employee can expect in terms of net pay each month before you officially hire them. When she isn’t reading, writing, eating, cooking, or discovering new locales, she supports local businesses and entrepreneurs through her own business ventures. Most CPAs can also help clarify which bonuses and allowances your company, depending on its nature and status, are required to give. This assures you that you won’t have to deal with unhappy employees who believe they weren’t well informed.
She was the financial officer of her first venture, Empresario Manila, a marketing and events company tailored to small to medium enterprises.


In 2008, she co-wrote the book 25 Kitchens, and has been in online publishing for the past six years. Presently, she is the Culture Curator as well as EIC for her second venture, Homegrown Media Inc..



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Rubric: Emergency Preparedness Survival



Comments

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