The payslip is a small statement issued by the wages department to each worker, to indicate how his net pay for the month was arrived at. All the calculations shown in the payroll are shown in the payslip of each worker. It is usually enclosed in the pay envelope of staff, whose salaries are paid in cash.
Those who receive their salaries through the bank, normally collect their payslips from the wages office, to enable them to know how much was paid to them that month.
The wages of workers can be paid using any of the following methods:
1. By cash.
2. By cheque.
3. By credit transfer through the bank.