Blog Post FAQ
As an independent contractor, you may not have traditional paystubs like a salaried employee. However, you can utilize a contractor pay stub from PayStubsNow. This provides a detailed record of your earnings, deductions, and net pay as a self-employed individual or a contractor. Pay stubs regularly serve as income documentation, especially when applying for small business loans. Always keep a well-organized record using a contractor pay stub to facilitate smooth financial transactions and verification processes.
A payroll paystub is one of the most essential tools you'll need in handling your small business's finances. It details the earnings of yourself and your employees, including the deductions and taxes withheld. Using a payroll paystub, you can track wage information, which helps maintain accurate accounting records and payroll taxes owed. Furthermore, it also serves as proof of income for your employees, which is particularly useful when they apply for loans or credit.