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Everyone whether a small organization or big has to keep record. Bookkeeping is important for helping you maintain accurate financial records. Yet still, many businesses fail to implement this integral process.

While performing our day to day business activities, we came across different scenarios where we required the aid of a paystub either when applying for a loan, refinancing a house or filling out child's college financial aid forms.

If you’re among those who have no idea how to generate a paycheck or what type of information should be readily available on a pay stub, you need to know the key components of pay-stubs and why it’s important to get them right.