If you are a person who is self employed, then you can run your business according to your wishes. You don’t have any boss and you can dictate your own salary according to how much you want to work. There are also drawbacks to being self-employed. One of the most noticeable drawback is not being able to easily prove your income if you want to apply for a credit card or a bank loan. So it is best if you have a payslip instead of showing the lender your entire bank account.
Regular employees get a pay slip together with their paycheck indicating the gross income, deductions and the net income. In order to show the income received by an employee, employers make use of a template where they put the hours the employee worked, the gross income and the net income after deductions. Self employed people have only themselves who know how much they earn and so if they are applying for a loan, it can be difficult to prove your income. If you want real proof of income, then you can use a template similar to what employers use to indicate the income of an employee. It is possible to create a pay stub similar to what employees receive which has complete company name and address on it. You will have proof of your income whenever you need it if you do this every week. Even if you do not actually write yourself a paycheck every week, you should still make sure that you have some proof of income available.
The office supply store and the library are some of the places where you can get a pay slip. Another way of searching for pay slip templates is from online sources since being a business person would make you use your computer to track your finances. You can search online for different types of pay slips available, then choose the one that has all the features that you need. With you chosen template you can create your own pay slip together with your employees which covers all information about gross pay, taxes, deductions and the net pay. This pay slip will make it much easier for you if you decide to apply for a loan and need to show proof of income.
Through online templates, you will be able to provide some proof of your income if you are self employed and use it for whatever purpose your need it.