Anyone who has held a steady job has no doubt received a payroll check. These are business checks specifically designed to compensate employees for the completion of a pay period.
Most employers give workers the option of having their salary or hourly pay direct deposited or they may choose to receive actual physical checks every pay period.
They typical payroll check will include a breakdown of all deductions from the employee's gross salary. That would include income tax, FICA, social security, as well as unemployment insurance and health care deductions. The amount left over is the employee's net pay.
Anything deducted from payroll checks must be submitted to the appropriate agency by a certain deadline. There is usually a payroll stub attached to these types of business checks summarizing all the deductions as well as the number of hours worked, the employee's rate of pay, sick time, holiday pay and other information.
Because these stubs contain important information about your work history, you should keep them on file until you file your federal and state income taxes for the year. That way you can compare your stubs to tax documents for accuracy.
After that, payroll stubs should be properly discarded using a shredder because they often contain sensitive information - including your social security number and date of birth.
There are laws dictating when a business can issue payroll checks to its employees. A company can choose between daily, weekly, bi-weekly or monthly. However, it must be a permanently set pay period.
Payroll checks become stale-dated after six months. That does not necessarily mean that your check is no longer valid. It does mean that a bank can choose not to honor the check after the six months. Some payroll checks may come with a disclaimer indicated it will be considered void after a certain amount of time.
All payroll checks need to include the signature of an authorized executive of the specific business. If a business goes bankrupt, payroll checks have special protection which requires employees be paid before any creditors.
If you need to purchase business checks used for payroll purposes, you can order checks from Check Advantage. We offer payroll checks for 3-on-a-Page Manual Checks as well as a variety of laser checks. Multi-purpose business checks can be used for both payroll and accounts payable.
100% Satisfaction If you are not completely satisfied with your purchase, please contact us immediately. We promise to take care of it.
100% Secure Check Advantage partners with McAfee & VeriSign to ensure all personal data remains safe. Click seals to verify and learn more.
100% On Time, Every Time Check Advantage partners with UPS to ensure checks arrive on time - every time. We offer online shipment tracking.
100% Privacy Check Advantage partners with the Better Business Bureau to ensure complete privacy and the reliability of our company.
