Payroll is a process in which a business pays its employees for the work done during a certain period. Most employees are usually paid at the end of every month. However, some employees are also paid on a weekly, daily, or even hourly basis.
It is important to keep a record of every payment you pay to your employees. Usually, the payroll process can be properly recorded by filling a voucher at the payroll time. This voucher is called the payroll voucher and it may contain the following information.
First, You will need to fill in any applicable information from the above list in the payroll voucher. Then you should get it signed by the employee you are paying to. Finally, you should sign it yourself and then give a duplicate of this voucher to your employee as a payment receipt. Make sure to keep the original payment voucher in your financial records as payment proof against any future false claims by the employee.
We have designed a printable payment voucher template to help small business in their payroll process. It is free to download so feel free to use it for your business.
This voucher template is 8.5 inches wide and a little under 10 inches long but in practice, you will need a full 8.5 X 11 inches A4 letter size page to print it. There will be some space at the end of the page that can be used to write extra notes.
Here is the link to download this payroll voucher template in MS Word format
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