Salary slips are basically the slips with the company name on the header and the signature of allowance authority to issue a certain amount to the regarding an employee.
Salary slips authenticate and guarantees the payment on the right note and also prepares backup documentation to keep a record of payment at both ends of the deal. Managers or accounts departments of companies issue slips to their employees which are meant to specify the payment for a certain time period which is mostly the end of the month.
Using the tools and software applications, similar activities can be done more precisely and enhanced by their features and accuracy.
MS Office, the most widely used tool for official documentation and other purposes, comes with one excessively used tool known as MS Excel which is used for the documentation of financial transactions, records, and schedules made by the implementation of certain formulas.
How to Prepare the Salary Slips
Using MS Excel, slip generators can add details of the quantity of work, the rate per unit work is done, per unit time for wage rate, and certain other parameters of salaries and working at the company. Implementing a simple basic formula for the salaries, adding the relevant details can count for the total salary and they can be simply printed out.
Salary Slip Format
- Company name
- Salary period
- Employee name
- Basic salary
- Overtime premium
- Working days
- Net salary
Salary slip is prepared in the company account department and it is reused again making little changes in the slip like month and year. Some companies are paying out their employees on a daily basis while others are paying them per month therefore when you are choosing an excel template here look for the suitable one.
Pay Slip Sample 1
Pay Slip Sample 2
File Size: 53 Kb
File Format: Ms Excel(xlsx)
Template Type: Basic (Free)
Download File: Comment below to get a free template
Author Name: John Mathew
After a certain salary and rate of wage are decided against the unit work or time, the details of each employee are added to the specified formula and the automatically calculated total is pasted on the payslips which can be download or prepared accustomed.
Payslip samples will help you out you just need to put the values of various parameters of work details that can trail out an exemplary slip. Hope this tutorial will help you out to understated the basic purpose of these slips and now can easily create salary slip in excel for your organization to manage all employee’s salary.