Paycheck stub online- How long you should keep them?

Paycheck stub online is the most preferred choice for the employer as well as the freelancer, rather than the traditional one. As you know very well that with the help of stubbuilder you can easily make check stubs within a few steps.

Moreover, one can also make more than one pay stub at a time. But, do you ever think about the past paycheck that how long you should keep your paystub with you?

It may possible that both employees and the employer facing this question. If you are an employer than what would you do if any employee reclaims the paystub? How will you provide the paystub again? So, the following are some of the situations when the employee may reclaim stubs from you.

Storing the pay stub

There are many reasons for which you need to provide the paystub again. Due to multiple uses of the paycheck, it may possible that employees required it for availing loans, credit facilities, calculating W-2 forms, etc.

Once it is used for the desired purpose, you may find it as an extra element that is no longer needed now. But you cannot apply the same logic for the online pay stub for a year or two years before.
This may raise the question that once you have to make check stubs using online check stub maker, then how long they should keep it.

Using cloud-based service

As you know very well that paycheck stub online comes in a digital form and you don’t need any physical space to store it. So, with the help of cloud-based services like Dropbox and Google Drive you can easily store your paystub. So, in this way you can store all your paystub forever.

The ideal period to keep paycheck stub online

After saving your paycheck, the question still remains how long you should keep it? The rule of thumb to keep the paystub is at least for one year. Because it is important to calculate the W-2 forms for filing the tax return.

Once you are sure that you don’t need it more than you can discard it safely. Make sure you have discarded it safely because someone can easily misuse your financial documents.
This is all you need to know about how long you should keep your paystub. So, make check stubs free with online check stubs maker delivered to your mailbox and save it according to your requirement.

How do check stubs help to calculate w2 forms?

With the help of check stubs generator, one can easily make check stubs. But do you know that the check stubs help to calculate the W-2 forms also? So, if you are eager to know how it helps then this blog is for you.

There is a strong connection between the check stubs and w-2 forms. As you know very well that W-2 forms are nothing but the wages and tax statement of the employee provided by the company to complete their tax return. So, online check stubs create the base on which W-2 form is created.

Moreover, it is essential that the accuracy of the paystub. It does not matter that you have created the real check stubs free from the online check stubs generator but the thing which should be kept in mind is that the authenticity of the paystub.

Make check stubs for w2 forms

An employer must make check stubs to provide the pay stub to an employee, so they can manage the tax return smoothly. Generally, the pay stubs include all the information which is required to create the W-2 forms. The details like take-home pay and other deductions like federal tax, medical aid and the state tax included on the paystub.

The important thing which is used to calculate the pay stub is gross pay which forms the basis of the W-2 forms. So make sure you have entered the proper number of overtime hours, commission rate and bonus for a specific period.

Moreover, personal expenses during the year strongly affect tax returns. So, if you have any personal expenses exemption then you can consider it accordingly.

What if you don’t file a W-2 form?

If you forget to file the W-2 forms on time then you owe to pay additional tax and amendments which is required to pay by April 15. Furthermore, still, you forget it then you have to pay the penalties.
So, if you haven’t created the pay stub then get the real check stubs free from the stubbuilder and file a W-2 form before the given date.

How paycheck stub online helps to maintain credit?

Paycheck stub online is one of the best ways for those who don’t want to depend on any sources for managing the payroll. You will hardly find anyone who refuses to make check stubs using an online check stub maker.

Once you create your printable pay stubs and save it at your end, you can utilize it in many ways. In addition, filing tax returns with the help of your paycheck stub online help you to maintain your credit also.

Make check stubs and maintain credit

The purpose behind to make check stubs is to create authentic and genuine printable pay stubs with the required detail. The proper details of the employee and company itself mark the paystub as a genuine one.

It is one of the most important proofs of income so the way it produced impacts a lot. Moreover, creating a paystub in a specific format will help to find the brand easily.
When an employee keeps a record of his earning in the form of paycheck stub online and can be utilized anytime. So, a single paystub maker offers a number of benefits to anyone who prefers to use it.

Apart from that, there are many ways to make check stubs but one should avoid opting for the fake pay stub over the real paycheck stub online as it has many drawbacks. Moreover, one should also educate himself to identify the real ones from the fake paystub.

Make printable pay stubs now!!

Printable pay stubs are just a click away. All you need to enter the basic information by visiting the stubbuilder and follow the 3 basic steps. Enter your information, preview it and your paycheck stub online is ready to download.

Moreover, there is an additional feature by which you can make check stubs for the permanent employee and independent contractor individually!!

How to differentiate the real check stubs and fake pay stub

Real check stubs provide vital information about the total earning of the employee including the time period and many more details to their earning and deductions.

As you know very well that one can use the real check stubs as earning proof to avail different services like loan and credit facilities. But there are some people who used to make fake paystub to avail such services.

Moreover, generating fake paystub is an illegal activity that leads to creates multiple troubles for you. Apart from that, it is necessary to know the difference between real check stubs and fake ones.
To know the difference there are some signs to look out which help you to spot the real and fake one. So, let’s see it briefly that how such signs help you to differentiate the pay stub.

Basic information

The fake pay stubs consist of generic information and it may be possible that at the time of generating fake pay stubs the person maybe forgot or replace the generic information.
So, in such a case if anyone found any mistakes in basic information like name, occupation or date of birth is incorrect then it will be a sign of fake one.

Digit and decimal points should line up

If you have used the online check stubs generator to make check stubs then it will give you a paystub in which decimal and digit are line-ups with consistency.
While in the fake pay stub you will find an improper arrangement of digit and decimal in the paystub from which one can spot the difference.

Difference between “O” and “0”

If you check the pay stub properly then a small difference also helps you to differentiate the real check stubs and a fake one. You can see the clear difference between the letter “O” and “0” on the pay stub. Fake pay stub rarely focuses on such a thing is a good reason to spot the mistake.

Legible pay stub

If you found any difficulty to rad the pay stub or the format of the pay stub doesn’t seem to be proper then it may be chances for the fake one.

But if you make check stubs using online check stubs generator then the pay stub will you get has the proper format which is easy to read and understand.

So, check all of the above details to identify the fake paycheck to avoid being fooled by fake paystub.