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The Salary Voucher should have both employee’s and employer’s signatures to validate the voucher and prevent fraud. Employees can have same amount of basic pay, but different net pay because of different deductions. It is the basic pay minus the deductions that will determine the total net pay. This will show the total net pay for the employer.
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And if the payment is through a cheque then the Salary Voucher should show the cheque number, name of the bank and the date of the cheque maturity.
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But in most cases it is the employee who chooses the mode of payment that is comfortable and convenient to them. If the employer wishes to pay his employees through bank, cash or a cheque, then the mode of payment should be indicted on the Salary Voucher. This section of the Salary Voucher will include any other addictions that the employee is entitled to. These deductions will be essential in calculating the net salary pay for the employee. Such deductions will include income tax, advance payments and loans if any. In this section, the Salary Voucher will show the deductions made from the employee’s basic salary. More Tips To Create Salary Slip Format in Excel with Formula Deductions Here are previews of a simple salary slip format in Excel, PDF, and MS Word. This information will be crucial in calculating net pay. Some employers do not offer most of those allowances unless it is a corporate organization. But these allowances will depend on the company or employer. This section of a Salary Voucher will show the employee’s earning like basic pay, overtime, commissions, and allowances (house allowance, leave travel, medical, superannuation, and fixed allowances). The Salary Voucher should clearly indicate the date, month and year the payments are been paid for, to avoid confusion and for record-keeping so that the employer can know the amount of money that goes to salaries every month. These are given below 1- Name and Rank: A basic format of payslip required to have information about employee name and his/her job title. To give you better understanding, I am elaborating these points which you must understand.
#Salary slip template in word professional
It is also useful for record-keeping and avoiding double payments. A professional payslip template either in MS Word or MS Excel, must have following content within it. This section of the Salary Voucher will show the voucher number which is a unique number to differentiate each voucher from the rest. The most important is the account number if the employer or the company prefers paying the employees through the bank this will be helping to avoid double payments. The employee details like contact information, account number, and employee number should be filled in this section of a Salary Voucher. This will be for official use only so the voucher cannot be used to defraud the employees.
#Salary slip template in word full