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A salary statement, commonly called a payslip, pay stub, paystub, pay advice, or sometimes paycheck stub or wage slip, is a document received by an employee that either includes a notice that the direct deposit transaction has gone through or that is attached to the paycheck.
Your paycheck stub serves as proof of income and government agencies, lenders and landlords often request them to verify your earnings.
From 1985 onward, ADP's annual revenues exceeded the $1 billion mark, with paychecks processed for about 20% of the U.S. workforce. In the 1990s, ADP began acting as a professional employer organization (PEO).
Not checking your pay stub. Very few employees check their pay stubs, yet understanding the information on the stub is important for personal finance management, said Sean Fox,...
— Access their paystub and plan data in one place.” In 2014, when Gusto was named ZenPayroll,VentureBeat listed Gusto among the best back-office software for small businesses. The New York Times has compared Gusto to larger payroll processors such as ADP, citing both advantages and disadvantages.
It's essential to verify that each of your pay stubs contains your correct name, tax deductions, Social Security number, vacation balance and pay rate.
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