Who needs an ADP Earnings Statement?
An Earnings Statement is a paper document that serves as a pay stub, as it summarized the pay earned by an employee for their labour provided to an employer for a certain period, typically it covers one month. This particular pay stub called ADP Earnings Statement is prepared by the ADP company, which is an American provider of business outsourcing solutions, for their clients, companies who prefer the payroll to be prepared by a hired contractor.
What is ADP Earnings Statement for?
Earnings Statement is a document meant for an employee to show and calculate all the earnings made within a limited period as well as taxes deducted from the amount earned. This statement serves as a notification and confirmation that a due sum has been transferred to an employee’s account by an employer.
Is Earnings Statement accompanied by other forms?
No, the pay stub does not require any supporting documents or statements.
When is ADP Earnings Statement due?
The Earnings Statement is due when the payment itself is. This date depends on the company policy about how regularly employees get their salary: every two weeks, once a month, or depending on the number of hours worked, etc.
How do I fill out the ADP Earnings Statement ?
The ADP Earnings Statements contains such information:
- Company details
- Period and payment date
- Employee details
- Earnings rate
- Hours worked
- Cross pay
- Net pay
- Check, etc.
Where do I send Earnings Statement?
A completed pay stub should be sent to the employee and a copy retained by the employer for financial records.