What is a payslip template?

A payslip template is a ready format that facilitates the employer to come up with consistent payslips of complete accuracy. Generally speaking, an employee paycheck typically contains sections labeled as employee details, pay period, gross pay, deductions, taxes and net pay. Businesses can use these templates to customize them according to local regulations and company policy. Word, Excel or even payroll software plays the role of invoices. Pay slips are issued by employers to provide transparency and abide by the legal requirements.