Salary Slip is a payroll document that contains details of salary paid to any employee which include basic salary, allowances, deductions, attendance, leave record, etc. We have created the 9 ready-to-use Salary Slip Templates with predefined formulas. You just need to enter the payroll data of your employees and print the salary slip. Pack Of 28 Salary Slip Templates Payslips In 1 Click Word Excel Excel Training Matrix Examples Spreadsheets Training Spreadsheet Template Spreadsheet Templates This Picture is ranked 31 by Bing.com for KEYWORD Sample Excel Spreadsheets, You will find it result at BING.
A payslip is a statement that businesses provide to their employees with each payment they receive. This payslip informs the employee of their gross pay and what deductions were taken out to arrive at their net pay. It also provides an additional way for both the employer and employee to keep a record of their finances. In many countries, a payslip is required by law. It is typically easier and recommended to use an accountant or payroll company for your business's employee payments and payroll fulfillment.
The information required on a payslip or pay stub differs by geographic location. This Payslip Template for Excel was designed for businesses based in the UK, but may be modified to suit other locations as well.
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⤓ Excel
License: Private Use (not for distribution or resale)
'No installation, no macros - just a simple spreadsheet'
Description
This Payslip Template includes very distinct sections. The top is for company and employee details. The top right is for payment details as well as a message section where you can include additional details like how many vacation days your employee has left.
The Earnings section lists the hourly pay and the other payment amounts, broken down by category.
The Deductions section lists the taxes, insurance, and other amounts withheld or deducted from the gross pay.
The bottom of the payslip shows the Net Pay (Total Earnings - Total Deductions). The Net Pay should be the amount on the paycheck.
Some information in this payslip template that are specific to companies based in the UK include:
- Tax Code
- Employee Payroll Number
- National Insurance (NI) Number
- UK related earning & deduction types
Using the Payslip Template
Important ! Your country or location may have different payslip and pay stub requirements. So, we highly recommended that you contact a professional accountant to advise you on those requirements and to learn what categories of earnings and deductions you should be using.
Getting Started / Customizing for Your Business
- Edit the Company and Employee information in the header and footer of the Payslip tab.
- Edit the Earnings and Deductions categories in the YearToDate worksheet
- If you need more options for different types of earnings and deductions, unhide the hidden rows in the Payslip worksheet and the hidden columns in the YearToDate worksheet.
Entering Hours and Payment Amounts
Instead of entering amounts directly into the Payslip, you will update the YearToDate worksheet with the hours, rates, and payment amounts. Then, you select the Pay Date in the Payslip worksheet to update the amounts in the Payslip.
To make the YearToDate worksheet more concise, you can hide the columns that you aren't using.
What to do Each Pay Period
- Enter a new row in the YearToDate worksheet. Enter the Pay Date, Pay Period, Hours, and Pay Amounts.
- Select the new Pay Date from the drop-down at the top of the Payslip worksheet. The hours and amounts should update automatically (using lookup formulas).
- Verify, print, and send the payslip with the check.
Note: This spreadsheet does not calculate taxes or other deductions automatically.
If payments are made electronically via ACH (Direct Deposit), then you may want to send the payslip via email as a PDF (if that is acceptable according to local laws). You can create a PDF of the Payslip worksheet in Excel by going to File > Save As and selecting .pdf as the file type.
After learning the legal requirements for your business payslip, adapt this template to match. You can then provide your employees with a printed and/or digital payslip. Again, check the laws for your location to see what documentation is required and how/when you are required to provide it to your employees.
References and Resources
Salary Slip Format In Excel With Formula Pdf
- Running Payroll at www.gov.uk - Provides guidelines and requirements specific to the UK, including information about Payslip requirements.
- Understanding the different parts of a UK payslip at MoneyAdviceService.org.uk
- Payroll Basics at payroll.intuit.com
Related Content
Sample Payslip Format in Excel Sheet with auto calculation formula for office, business, production units, and factories in Asia, UK, USA, and Europe. This free payslip template is taken from a multinational company. Free download this sample payslip template from the below link in the excel file. You can visit salary slip format in Excel or Payslip Format in Word for more wage slip options. You can write back any suggestions, and improvements in the available samples, or other letters, and applications.
Instructions for How to Create Payslip
Download the payslip from the links at the bottom of the page. If the download format in excel is not available, don’t worry; copy, and paste the below format in the excel file, and make some required adjustments as per your need. Put all the required information in the first section like name, month, working days, etc., and finally put all the values in the amount section of the payslip. You can break down your salary items like advance, allowance, arrears, etc. If you downloaded the excel file, it would automatically calculate all the amounts, but you have to manually make the calculations if you copy, and paste the payslip.
COMPANY NAME FOR PAYSLIP
Pay Slip for the Month of July (Date) Head Office
Name: ________ Gross Salary: _______ Net Pay: ______ Designation:_________
Processing Month: ______ Working Days: _____ Absence: ____ Leave: ______
Net Payment Rs:___________
Payee’s Signature ………………..
______________ _______________ ______________
Accounts Officer Finance Secretary Chief Executive
Download Sample Payslip format in MS-Excel from the below link
Details of the Payslip
Payslip Format for download includes all the options like Basic Pay, Allowance, Arrears, Income Tax, Van Fare, Security Deposit, and a deductions Section. You can add anything else that you want as per your requirements. Excel format of payslip includes the formula for autopay calculations. The top section of this payslip includes gross pay, net pay, working days, leaves, and absents for the particular month.
Suppose you need any more options, or want us to customize the free payslip download. Just leave your comments in the below form.
Payslip, and Salary Slip Difference
Pay Slip Excel Format
Payslip is a common business document widely used globally, and well renowned in the UK, Europe, and America. Asian people call this same document a salary slip, but it is known as Pay Slip in the western world. Employers, companies, organizations always issue payslips to their paid staff members of any designation.
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From the above ready you came to know what a payslip is? How to create Payslip in Excel?, and Elements of Payslip used in Europe, and Asia. If you have any questions regarding the payslip, you can ask in the comment form, or If you have a better format, and want to share at Semioffice.com you can send us an email.
Salary Slip Template Excel
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