You can simplify this process using one of the following pay stub templates. You still must provide check stubs to your employees. However, nothing is truly paperless, it would seem. With all of these benefits, there are few reasons not to switch to a paperless pay plan.
A lost or stolen paper check must have a stop put on it and a specified amount of time must pass before a new one can be issued. Even if there is no PIN, an employee can call and cancel a lost or stolen debit card and have a new one issued immediately.
Prepaid debit cards can be set up to require a PIN so that, even if lost or stolen, the money cannot be accessed by anyone but the employee. Unlike a paper paycheck, there is no risk of someone forging a direct deposit. These options are more secure than paper checks, as well, as payments made by direct deposit are traceable and cannot be lost or stolen as a paper check might be. This article will give you an Excel pay stub template as well as a Word pay stub template to offer to employees in lieu of a paper check. Doing so is cost effective and saves time. Instead, they offer paperless options such as direct deposit or prepaid debit cards. Many businesses no longer offer paper paychecks as a way to compensate employees. Use Word and Excel pay stub templates to make payroll easier
