Payslip Template Format In Excel And Word is used for mentioning the salary details of employees of an organization. It contains the details about the amount of salary that is paid to an employee on monthly or daily basis. Every employee of an organization has his own and unique payslip whether his salary is same or different than other employees.
Importance of Payslips Template Format
The Salary slips have essential importance for every employee as well as for the organizations. The slip serves as a valid record of salary that is granted to an employee by the organization. No employee can claim that he/she has not received the salary for a particular period when the salary slip has been given to the employee. The Salary slip also serves as a valid proof of employment of a person in an organization. Therefore, the Salary slips are sometimes referred as authentic tools for verification and identification of a person.
Features of Payslip Template Format In Excel And Word
A pay slip contains certain features that must be included in a salary slip. These include:
- The full name of the employee
- Complete address with postal box number of the employee
- The amount of salary mentioned in words and in digits
- The amount of direct taxes that are applied on the salary
- The deductions that are made from the salary of the employee for instance, the provident fund deductions, retirement benefits deductions, income taxes, etc.
- Complete name with logo of the organization that is awarding the salary
- Complete address of the organization
- Some salary slips may also contain the bank account number in which the salary of the employee is deposited
MS Excel or MS Word: Which Format Is Better?
In this regard, MS Excel will offer you tabular format for your slip and it will be comfortable for you if you want to mention the details in the salary slip in tabular style. On the other hand, if you do not prefer the tabular format, then you can simply use the MS Word document. It all depends on you that which format you want to use for making the payslips of your employees.
Creating a Payslip in excel and word
If you want to create a pay slip for your organization, you will have to include the above mentioned details in it. A payslip will not be considered complete if the above mentioned features are not included in it. You can create the payslip in MS Excel as well as in MS Word document.
Sample Of Payslip Template Format In Excel And Word
You can see sample templates of payslips on the internet to get an idea of how a payslip actually looks like. If you find blank salary slips on the internet, then you can simply make some changes in their design and can use them as payslip format for drafting the salary slips of your employees. It will save your time as you would not have to create a new design of your organization’s salary slips. Just download some usable sample templates of salary slips! Edit them and start using them for your organization.