The sheet has a set of pre-defined calculation formulas that calculate the Net Pay of each employee. Also the template needs the rate of the overtime hour in order to calculate the payroll. We need to enter the regular hours, sick hours, overtime hours and any other hours that the employee has availed. Once the detailed information of each employee is entered into the employee register you can now automatically calculate the payrolls using the Payroll Calculator. The employee register is a highly confidential worksheet that stores detailed information of every employee like the personal information of each employee their salaries any other benefits that company offers them and so forth. This template provides five set of spreadsheets to calculate the payroll of employees in your organization. Using the templateīegin by downloading the template and setting up your employee register. Spreadsheet123 LTD strongly recommends to seek the advice of qualified professionals regarding making any financial or legal decisions. Spreadsheet123 LTD reserves the right to make changes to this software without notification. Spreadsheet123 LTD makes no representations or guarantee about the accuracy of content, fitness for a purpose or completeness of this template. You can keep the confidential employee register where you can record employee information like name, address, date of joining, annual salary, federal allowances, pre-tax withholdings, post-tax deductions, etc.ĭisclaimer - This template is provided as is for informational, illustrative or/and educational purposes only. Our Payroll Template will help you to calculate and maintain the records of pay and deductions for each of your employees. Still, with time we plan to expand it further and add State-specific versions, provided there will be enough interest from the users of this spreadsheet.Īre you looking for an Excel Payroll Calculator which can help to calculate the payroll for your organization? The current version is available only with the Federal Tax Tables. The new Beta Payroll Calculator v2.0.3, included as one of the bonus downloads, provides a degree of automation and allows to save Paystubs as PDFs in Microsoft Excel 2010 and newer. The free version includes a preview of these reports (without the functionality). Payroll Calculator Pro and all bonus files are updated with the new reporting features for creating periodic IRS Reports and Employee Tax Summary Reports for individual employees. As of the 2023 update, all versions include the new Social Security Tax Caps. UPDATE: Payroll Calculator and Payroll Calculator Pro 2024 update contain new 2024 Federal Tax Tables as well as State Tax Tables (where applicable).
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