How To Differentiate Between a Real Paystub and a Fake Pay Stub?

Feb 13th, 2024

As advancements in security systems continue, theft has also evolved to becomes a higher quality crime. Authentifying documents is now quite difficult without proper equipment.

It is common for some companies to provide an online service that generates a fabricated paystub for anyone, quickly and easily. It looks so similar to a genuine paystub that it’s almost impossible to tell the difference.

There are various warning signs to be aware of. To assist you in identifying any irregularities, in this blog we have outlined everything you need to view on a real paystub. So, let’s get started.

All of the Basic Information Should be Correct

Fake paystub generator generally provides you with general information and the individual who has generated the stub might have overlooked specific information to alter the generic wording.

Inaccuracies in basic details such as one’s name, job status or birth date should not be taken lightly as this is a significant flaw. Proper accountants are bound to pick up the technical mistakes such as misspellings, which they diligently rectify before overtly circulating the paycheck created, but a false paycheck generator will just pass inaccurate feeds effortlessly.

How To Spot a Fake Pay Stubs

There are several ways to identify a fake pay stub. Firstly, check the font and formatting of the pay stub. A real pay stub will have consistent font sizes and styles, while a fake one may have inconsistent fonts or spacing. Secondly, look for any typos or errors. A real pay stub will have accurate information, whereas a fake one may have spelling mistakes or incorrect numbers.

Thirdly, check for the company logo and contact information. A real pay stub will have a professional-looking logo and accurate contact information, whereas a fake one may have a poorly designed logo or incorrect contact information.

Verification of a Real Pay Stub

To verify a real pay stub, you can contact the employer or the payroll department. They will be able to confirm the authenticity of the pay stub and provide additional information if required. Another way to verify a pay stub is to compare it with previous pay stubs. A real pay stub will have consistent information and should match the previous ones.

Legal Consequences

Creating or using a fake pay stub is considered fraud and can have serious legal consequences. If caught, the person responsible may face fines or even imprisonment. It is important to always use real pay stubs and not to attempt to deceive anyone with a fake one.

Should There be a Difference Between O an 0?.

When it comes down to detecting a fake paystub, the small details makes all the difference. On the pay stub, there should be a distinct difference between O and 0; frequently a line will be drawn via zero.

Because the fake rarely care to examine the little characteristics, they are an excellent reason to conduct a more thorough inquiry.

Estimates and Roundups Should be Minimal

Real pay stubs are created by expert accountants who are concerned with accounting for every last penny. As a result, all estimates and rounds should be kept minimal. If you dwell deeply, too many numbers are being rounded to the nearest zero, unrealistic estimates and they don’t just appear right, so you should double-check to make sure that you’re not dealing with the fake paystub.


To determine if a pay stub is real, check for a professional-looking logo and accurate contact information. To verify its authenticity, compare it with previous pay stubs or contact the employer or payroll department. Using or creating a fake pay stub is considered fraud and can result in serious legal consequences.

Look for distinct differences between O and 0, and ensure minimal estimates and roundups. Real paystubs account for every penny and should appear realistic. If you are looking to generate pay stub then you should visit eFormscreator.

Difference Between Accounting Profit and Economic Profit

Jan 19th, 2024

Except you run a non-profit business, the sole motive of each company is to make a profit. While your intentions might be to add value to the world and economy, without profit; eventually, your ability to offer that value will be burdened.

Now, apart from adding value to society, each business wants to earn a profit. Nothing is more exciting for a business owner than getting vast values after deducting total costs from total revenue.

The higher the difference, the greater the company’s profitability. But differentiating between the two is a great way to measure the financial health of a business.

In this blog, we shall spot the significant difference between accounting profit and economic profit, and you shall get everything here to know about them. Let’s get started.

Economic Profit V/S Accounting Profit

Economic profit and accounting profit are similar, but they have a dash of difference between them. While they are both financial, one speaks about the profit of an organization, and the other speaks about the economy.

Learning about the difference between the two profits requires an understanding of two major cost types. These are implicit costs and explicit costs. In short, economic profit involves both implicit costs and explicit costs, while accounting profit involves only explicit costs.

Overview of Accounting V/S Economic Profit

Profit is one of the most wanted financial criteria in assessing a firm’s financial health. It is the monetary income earned by any commercial activity that exceeds all the expenses, taxes, and other costs. To put it in simple words, profits are revenue minus costs. Profits are classified into two types: economic profit and accounting profit.

Economic profit is defined as the total income from sales minus all opportunity expenses. Accounting profits is defined as the firm’s overall earnings, including explicit costs.

Economic Gain

Economic profit is a type of profit obtained from the production of goods and services while accounting for alternative use of a company’s resources. This subtracts explicit expenditures from income and accounts for opportunity costs endowed during that time frame. Implicit costs of a company’s resources are also included in the calculation.

The implicit costs, for example, are the marketed price at which a corporation which could sell a natural resource rather than eating up that resource. A paper firm owns a tree. They fell trees and made paper goods. Their implicit cost is timber, which might get sold at market price.

Profit in Accounting

Accounting profit, also known as earned profit, as opposed to economic profit, is recorded on a firm’s income statement. It is the profit gained after deducting different costs and expenses from total revenue in accordance with the generally accepted accounting rules (GAAP). These expenses include:

  • Wages and salaries.
  • Any manufacturing inventory.
  • Raw ingredients.
  • Costs of transportation and storage.
  • Overhead and production expenses.
  • Sales and marketing expenses.

Accounting profit is the amount of money left over after subtracting the business’s explicit costs. Explicit costs are the detailed quantities paid by a corporation for various expenditures during that period, such as wages.

What are Explicit Costs?

Explicit costs are the costs that are expressly identified and readily calculable. They are the monetary costs that directly leave the business. When a firm pays for using its factors of production, that cost is explicit.

It is a subset of cash outflow and is usually expressed on the firm’s account sheets. Explicit costs directly affect the firm’s ability to gain profit since the business has to now pay for them.

What are Implicit Costs?

Implicit costs are the costs that are not easily calculable because of their implied nature. They are referred to as opportunity costs, which are forgone alternatives. Because implicit costs tend to be unclear, they are not easily calculable. As a result, they need to serve authentic measures for accounting.

Difference Between Accounting Profit and Economic Profit

What is Accounting Profit?

As the name depicts, it is a more accurate measure for the financial accounting of a business. It is the financial information that government organizations such as the IRS are more interested in.

The formula for accounting profit:
Total monetary revenue generated – Total monetary costs incurred
This formula makes use of the generally accepted accounting principles (GAAP).

What is Economic Profit?

Economic profit is obtained from the difference between the total firm’s revenue and the total firm costs. The sum of the firm’s explicit and implicit costs gives the firm’s total costs.

The formula for economic profit:
Economic profit = Total revenue generated – Total costs incurred
Total costs incurred = explicit costs incurred + implicit costs incurred

Advantages of Economic Profit

Detects Business Opportunities: This serves as the best marker for detecting business opportunities rather than analyzing business economic profit. Just because it is positive, negative, or zero, it is helpful for predicting market entry. When it is zero, there is no incentive for the business to enter or leave the market. Regardless of whether the business enters or leaves the market, it will still be earning the same as when its resource is alternatively invested.

Measures Business Success Relative to Alternatives: Both economic profit and accounting profit are helpful for measuring the success of a business. However, while accounting profit measures the success of a business related to finances. Economic profit measures the success of a business related to its alternatives. This is so because it considers opportunity costs.

Disadvantages of Economic Profit:

It is not a Definite Metric for Measuring Business Profitability: This is because it needs to take each financial aspect of the business into account. It is not time-bounded since running an economic profit analysis over a short time is impossible.
Not Easily Measurable: Economic profit deals with implicit and explicit costs; the implicit costs make it difficult to calculate. It has no actual mathematical value, only an estimated value.


So, here it is economic vs accounting profit. Now, you have mastered the art of accounting and economic profit. If you want to create paystub, then eFormscreator is your tool.

Differentiate Between Mandatory Spending and Discretionary Spending

Jan 05th, 2024

Government budgeting is a sophisticated process that is difficult to understand for an average person. There are two main types of government spending: Mandatory Spending and Discretionary Spending.

Pre-determined regulations determine mandatory spending. It can only be changed with an act of Congress. Congress itself set discretionary spending and can be changed anytime. If you want to generate paystub visit eFormscreator.

In this blog, we will understand the main difference between Mandatory Spending and Discretionary Spending, their advantages and disadvantages, and examples to get a better understanding of them.

Define Mandatory Spending

Mandatory spending is government spending that is required by the law. This can include programs like Social Security and Medicare and taxes funded by these programs that are not subject to an annual budget process.

These are called “mandatory” for a reason. Because the law requires them, and Congress can only change the requirements by passing a new law to amend it.

This kind of spending takes up most of the government’s spending and includes vital projects, government services, and interest in the national debt. This is crucial to understand that these mandatory expenses are the backbone of the society.

They are backed by legalization, and you will need to ensure that you have followed all the guidelines and information. Doing this is efficient, and it helps boost the power of our society while ensuring growth in the long term.

The advantage of mandatory spending is that it provides a safety net for those people who are in desperate need of it. Having a safety net in place helps ensure people do not fall into poverty without essential services like medicine, insurance programs, and social security.

It is a perfect system to have in place, as it can only be adjusted once and if there are severe regulatory changes. Having such a system is incredible, and it helps keep things simple. It would help if you thought about it as much as possible.

The disadvantage of mandatory spending is that it contributes to the country’s debt burden. When the government spends more money than it takes in, it must borrow money to make up the difference. This increases the country’s debt burden, which can have a negative impact on the economy.

Define Discretionary Spending

Discretionary Spending is government spending that Congress approves as a part of the annual budget process. This can include programs like defense spending, education, subsidies from small and local businesses, and infrastructure. The government borrowing funds Discretionary Spending.

Discretionary Spending is spending that is not mandated by the law and that Congress can choose to fund or not fund every year. It includes things like defense, infrastructure, education, and scientific research.

Mostly, these spending are warranted by various things, including the necessity of various categories that can bring growth and value to society, along with a multitude of other requirements.

The reason for shrinking is always related to how many legal aspects are in play here. As mandatory expenses have taken a seat above and have become crucial, do not dismiss the vitality of mandatory spending; these expenses are just as vital and, in a few cases, can be of considerable importance.

But it always boils down to how crucial these expenses are and what is a priority. Plus, the legal requirements and laws will obviously make some of the things a lot more critical when compared to others, and that is a thing to keep in mind.

Example of Mandatory Spending

Social Security is the prime example. Social Security is a social insurance program that provides benefits to retired workers, their spouses, and their children. Benefits are based on a worker’s earnings history, which can be easily seen in W-2 forms that can be generated online.

Example of Discretionary Spending

The discretionary government spending, including infrastructure, education, and scientific research, funds these. Infrastructure spending includes things like roads and airports. Educational funding goes to funding public schools, student loans, and teachers’ salaries. The scientific research goes to the organizations like Nasa.


To conclude, mandatory spending spending is pre-determined by existing laws. It should be done every year, while discretionary spending is what Congress decides every year on how much to spend on different programs. If you are looking for a paystub creator then you should visit eFormscreator.

Quick Tips To Become A Self-Employed Accountant

Jan 01st, 2024

Every day, more and more people intend to join the independent workforce. The reason is plausible. Many professionals today are looking for more control over who they work for, their working hours, and their earnings. If you are looking to generate paystub then eFormscreator is your solution.

If you are looking to become a self-employed accountant, this blog is going to become your helping hand. So let’s get started.

Who is a Self-Employed Accountant?

Self-employed accountants are those independent accountant who offers particular accounting services to clients. The clients can include small business owners and other entrepreneurs who might need help to afford a full-time accountant.

A self-employed accountant is commonly known as an independent accountant. A self-employed accountant provides financial advice to entrepreneurs and assists them with payroll services like paying salaries.

Why Become A Self-Employed Accountant?

Many accountants are opting to become a self-employed accountant. There are jobs for independent accountants because of the economic focus on entrepreneurship.

Small businesses are always in need of an accountant to help out with their bookkeeping. Most of the small business will not hire a full-time accountant. This is where a self-employed accountants comes into play. As an independent accountant practitioner, you can work with loads of clients according to your situation.

Quick Tips For Becoming A Successful Self-Employed Accountant

It is vital to keep in mind that the process of becoming an independent practitioner is a step-by-step one. To help you via this challenging career process, below are quick steps to help you decide on the switch.

1. Grab The Relevant Qualification:

If you have the skills, an aptitude for numbers, and an eye for detail. It’s not compulsory to get a certificate, but if you have the proper qualification, it’s an added advantage. To become a successful self-employed accountant (Chartered Professional Accountant), a CPA is a must. The CPA proves that you are very familiar with accounting laws, methods, and basic book-keeping skills.

2. Set Up Your Business Profile:

Your business profile is the brand of your business name. If you have decided to be on your own, you are going to have a name by which you want to get known. If you are interested in working online, there are freelance platforms where you can set up your profile. Working online on a freelance platform is a different way to be a successful self-employed accountant.

3. Niche Down:

While having a niche seems to be repetitive but it is different from usual. If you have multiple skills, it might be dangerous to your self-employed career to pose as a generic accountant. This is because the client who seeks to hire a self-employed accountant does it for the tailored skills that they have to offer. It helps to begin mastering one skill, becoming an authority, before moving to another.

While it is possible to be a self-employed accountant who serves various industries, choose to focus only on some of them. In addition to this, establishing this as an authority in those specific professions will increase the likelihood that clients from those industries will choose your services.

4. Purchase the power of Networking:

Since being a self-employed accountant is a game of communication, you shall most likely spend a great deal of time negotiating and talking to people. Forming allliances, building partners, metting with clients. Networking is always a virtual space for people. To become a successful entreprenuer, you will have to understand people and relationships. You will have to make some kind of online presence to stay in the eyes of the audience.

5. Invest in a Productive Workspace:

Whether you work from home or from office, a productive workspace will increase your success as a self-employed accountant. Your workspace do not have to cost a fortune. It can include a a comfortable work chair, a desk, and a cup of coffee.

6. Decide your rates:

Pricing is a challenging factor for self-employed accountants. This is because no laws are binding on how much you should charge for your services. But, as you gain more experience, with clients, adopting a value-based pricing seems better.

How Much Money Can A Self-Employed Accountant Make?

With your level of experience and the sector you have chosen shall affect how much money you make as a self-employed accountant. A newly trained accountant can participate in an annual salary of £30,000 on an average. A chartered accountant makes £85k per year with a bonus of £17,000, working full-time.

The normal hourly rate for a self-employed accountant is between £11 to £50, but many clients prefer a monthly payment schedule. Depending upon the accounting services which includes the complexity of the accounts, this can range around £50 to £500 every month.


If you want to create paystub then you should visit eFormscreator. If you are looking to become a self-employed accountants then this blog is helpful for you to make your journey move forward.

Steps To Become A Freelance Artist

Dec 29th, 2023

Have you been wondering about being self-employed as a freelance artist? Do you have specific booming skills and wish to work independently? Then, becoming a freelance artist is the best option.

Before we guide you on how becoming a freelance artist can benefit you, you should know about Paystub Creator, eFormscreator, a 100% free tool to use. Now, let us get started.

What is Freelance Artist?

We know any artist who works independently without commitment towards a specific employer as a freelance artist. A freelance artist works for himself by generating art for clients and charging fees in return.

Such an artist is free to take as many clients as he wants and can work independently per his own working hours. This means you can do everything from home, from processing the client’s accession to receiving payment.

And the best part is, unlike working full-time, freelance artist can get paid anytime in a month. Being a freelancer, you must first identify your niche. You must discover your capabilities to capitalize on those skills and other things related to them in the market.

It is now time to start advertising your services once you have mastered your skillset. Freelancers sell themselves from any medium, including local directories and social media. The idea is to demonstrate to those people what you have to offer- and why you should be hired.

Any freelance artist worth their mettle will want to identify oneself as an actual firm in marketing and a rapidly growing consumer base. This not only allows you to sell your services as a genuine business, but it also allows you to keep your cash and legal documents from your assets.

Why You Should Become Freelance Artists?

Freelancing is shared among the people who work in the creative space, like writers. Most artists choose freelance because of the independence they get to experience with their time and energy.

The freedom to choose what projects to work on and what projects to decline is choosy. As a freelance artist, you are in the driver’s seat with your schedule and time.

What are the challenges faced by Freelance Artists?

Being a freelance artist is not a bed of roses. There’s a lot more involved in it, from client management to time management and financial management.

Learning how to deal with clients and managing people is vital in freelancing. Self-discipline and motivation are vital for freelancing since you have no manager to answer to. You will always self-organize everything and self-optimize to meet your client’s deadline.

5 Vital Steps To Become A Freelance Artist

1. Think it thoroughly and generate a plan:

Being a freelance artist is one part; generating art is another. And, of course, there is running a business. A massive chunk of your time and energy will be channelled towards running and growing your business. You have to decide how you are going to earn money as a freelance artist. Brainstorming ideas and looking at other artists’ workspaces is a great way to start. You will have to figure out what skillset you have to offer. You can be anything: a graphic designer, web developer, etc. This is known as niching down.

2. Grab Your First Client:

Now you have a plan, the next step is to grab your first client. Being a freelance artist is different from being an in-house artist. You do not work for a company, so you wait for the client to walk towards you. An excellent way to start your journey in search of the client is to begin locally.

You have to be ready to receive tons of rejections in this field, as only some of the clients are responsive. Below are some suggestions for attracting new customers:

  • Reaching out to your network: Discuss your firm’s planning with your family and co-workers as to what you are going to provide. Your network might be interested in your service.
  • Advertising Your Artwork on Social Media: Showcasing your work on social networking sites can draw the perfect attention and lead the perfect client to your doorstep, especially if the audience likes your work.
  • Using freelance artist job portals: You should do some research and experiment with the freelance job sites where you post your work.
  • Generating free work for firms that have a considerable presence: To assist in growing your name as an artist, try generating free work for firms with a vast presence.

3. Build a Strong Portfolio:

A client does not want someone who says he can do the job. Instead, they want someone who has a proven track record of his previous work. You have to display your previous work, including all the pro bono work, as samples. The central part of being a freelance artist is earning trust of the potential clients, which is in your ability to communicate with them.

4. Deliver Quality Work:

Each job arrives with a deadline, and this is where you prove your mettle. Your ability to generate and deliver quality work within the deadline increases your status of reputation as a freelance artist.

5. Discover More Clients:

Building your clientele as a freelance artist is periodic. The sustainability of your business heavily relies on gaining more clients. Therefore, you must be willing to do that fast-paced chase.


Being a freelance artist is challenging, but it gives you that extra comfort of being a self-employed individual. So, if you are thinking of being one, consider the above details thoroughly. And, in case you are looking to create paystub you should check out eFormscreator.

Federal Unemployment Tax Act

Dec 28th, 2023

The Federal Unemployment Tax Act is a federal payroll tax that helps in funding the unemployment benefits. In this blog, we shall talk about FUTA, its most current taxes, and how much you need to pay for FUTA. If you want to create paystub you should visit eFormscreator.

What is FUTA Tax?

The Federal Unemployment Tax Act (FUTA) establishes a federal payroll tax for American businesses and organizations, which helps fund programs and benefits for unemployed citizens.

FUTA was created in 1939 as an answer to the events of the Great Depression and today assists similar, state-based programs that are often funded by the State Unemployment Tax Acts (SUTA).

Who pays FUTA Tax Rate?

As per the IRS, a business shall pay unemployment taxes if it meets the bracket of any of these three tests:

General Test: Businesses that have spent $1,500 or more in wages to any employee in any quarter of the year for at least some part of a day across any 20 different weeks of the year.

Household Employee Test: Businesses that spent $1,000 or more in cash to the household workers in any quarter of the year.

Farmworker Test: Businesses that spent $20,000 or more in cash to the farmworkers in any quarter of the year or at least some part of a day across any of the 20 different weeks of the year.

2024 FUTA Tax Rate

The 2024 futa tax rate is 6% of the first $7,000 from every employee’s annual wages. For example, if Employer XYZ pays one employee $15,000 annually and another $5,000 annually, it would pay a total of $720 in unemployment taxes as only one employee earns over $7,000 a year. Because the other employee earns only $5,000 annually, Employer XYZ will only pay 6.0% of that $5,000.

Employee Current FUTA Tax Rate  Total Unemployment Tax Owed
Employee A 0.06 x $7,000= $420
Employee B 0.0.6 x $5,000= $300 $420 + $300 = $720 

How To Pay FUTA Taxes?

Organizations with a Federal Employer Identification Number can make a FUTA tax payment in the form of an Electronic Transfer Fund (ETF) to the Department of Treasurey’s Electronic Federal Tax Payment System (EFTPS).

FUTA taxes are generally due one month after the end of a quarter. Still, if an organization only collected $500 in FUTA taxes for a quarter, it could wait until the following quarters to deposit the funds.

Quarter Quarter End Date Deposit Due Date
Q1 (Jan, Feb , March) March 31 April 30
Q2 (Apr, May, June) June 30 July 31
Q3(July, Aug, Sept) September 30 October 31
Q4(Oct, Nov, Dec) December 31 Janauary 31

How To Calculate Futa Tax Rate?

To calculate the FUTA tax rate on a worker’s annual wages:

Add up all of the taxable wages paid to an employee in a calendar year. For example, you pay your employee Roger $7000 in December 2022 and another $8,500 in January 2023. If you add these figures together for a total of $15,500.

If, during that same period, you paid employee Jack only $5,000 of wages subjected to the FUTA taxes, then your total is still $15,500. Multiply these amounts by 0.07. In this case, it would be $120.00.

Paying FUTA taxes to the IRS

Generally, employers must deposit their FUTA tax liability to the U.S. Treasury via the Electronic Federal Tax Payment System.

The business also needs to report FUTA by filing Form 9040 by the end of January 31st of the particular year as a part of its annual tax returns.


Filing and paying the FUTA rate is a simple process. As long as you have a basic understanding of how much you owe and when the payments are due. Failure to pay the FUTA rate can lead to significant penalties, including fines and criminal charges. If you are looking for a free paystub generator, eFormscreator is your perfect solution.

A Panoramic Guide To Your Earning Statement

Dec 27th, 2023

Most of the employee in America look forward towards the arrival of their earnings statements, which are commonly known as paystubs. But do you even know what is an earning statement, and how does it works?

In this blog, we will take you on a tour of pay stub, including how much you should be making, what taxes are taken out of your earnings and much more. If you want to create paystub, you should visit eFormscreator.

What is an Earning Statement?

An earning statement is a document outlining how much an employee has been paid over a specific pay period. This details gross earnings and then lists deductions taken out of your payments for taxes and other withholding purposes.

Earnings statement are referred to as a paystub. You can quickly generate paystub for your business via online paystub generators.

Earnings Statement documents a company’s profitability and shows how much money is lost. The earnings statements show earnings over time so that the interested parties might view how the firm is doing during a particular time period.

Earnings Statement V/S Balance Sheet

The earnings statement and balance sheet are two different financial reports. A balance sheet provides assets, liabilities, and equity at the same present revenue and costs over time.

In comparison to this, an earnings statement examines revenue and costs at a 12-month accounting period. This shows the company’s net profit and loss for that time period.

Format of an Earnings Statement

Earnings Statements can be categorized into two different types, namely Single-Step Earnings Statements and Multi-Step Earnings Statements. Both statements have the following components:

Sales: This is the total amount received via the sales of the firm service. It is the sum of all the revenue accounts.

Cost of Goods Sold: This is the total amount paid to purchase the goods sold within the specified time period.

Gross Profit: This is the amount of money which a company produces before operating expenses, calculated by deducting the costs of items sold from sales.

Operating Expenditures: Salary, Utilities and Advertising are some examples of the same.

Net Earnings: Whether the firm has made a profit or loss during the specified time frame, which is calculated by deducting the total expense from gross profit.

Recognizing Earnings Statement

Begin by double-checking the numbers if you have been entitled to examine an earning statement. The sole maths abilities required are addition and subtraction to make sure that the numbers are ideally computed.

What Information Can Be Found on an Earnings Statement?

There are various components to an earnings statement which can help determine how much an employee earns. Though some of the information won’t significantly impact how much money one makes, but other components tells vital information about your earnings.

Gross Earnings: The gross earnings will detail how much an employee has made before any deductions have been taken out. Gross Earnings include things such as commissions, hourly wages, and bonuses.

Taxes: Deductions on your paystub are vital because they detail how much of your earnings you bring home. For employees, it will list gross earnings, then numerate taxes and deductions taken out of payments for the specific pay period.

It is crucial to know how your taxes as an employee are deducted. Your annual income determines how much you owe in state, federal, and local taxes. Income taxes are deducted from the pay. The perfect amount withheld for federal income taxes will depend upon your earnings and how you file your earnings statement.

Time Off: Various earnings statements showcase time off and absence for the earnings period. This includes sick days, paid time off, and other abscene activities like jury duty.

Healthcare Contributions: Your earnings statements will also showcase how much of your earnings have been paid for helathcare. Employers must provide affordable healthcare under the Affordable Care Act so that it lists down if an employee has already had their insurance contributions subtracted from earnings.

Earnings Statement Analysis

The purpose of this typical format is to compute profit at every subhead of revenue and operating expenses, then account for mandatory taxes, interests, and other non-recurring events that arrive at net income relevant to common stock. Despite this calculation, including basic additions and subtraction, the sequence of the different elements in the statement and their connections can become duplicative and complex.


To sum up, earnings statements are vital for employees to know about. They provide detailed information about an employee’s earnings during a pay period. If you want to generate paystubs, you should visit eFormscreator.

For self-employed individuals, earnings statements play a more prominent and significant role because they build up your revenue. It tells you exactly how much money you have made and is the only way to determine whether or not your business was profitable in a specific period.

Reasons Why People Should Never Work For Free

Dec 25th, 2023

Before you consider a client’s request to work for free, consider these reasons why that is a bad idea. As you journey towards building your career, you must have come across people asking you to work for free work.

These types of requests always assure more jobs in the future, and they promise an attractive portfolio. Therefore, if you are considering working without pay, here are some reasons why you should never work for free.

This blog, we will make you understand why you should never work for free. Before we forward, if you are looking to generate paystub you should visit eFormscreator.

Reasons Why People Should Never Work For Free

Working for Free puts a Soft Pedal on Your Profitability: Profitability is a vital reason why people go to work. Therefore, when you work for free, you ultimately diminish your chances of earning a living. In the process, you might also hurt your process in the market, though big businesses will not take you very seriously regardless of how much experience you possess.

Working for free cannot be used to pay the expenses. Working for free can reduce the profitability of your firm. Each business spends time on administration chores that cannot be described as paid employment, but once you start working for free, your unpaid time gets a super headstart.

You Lose Valuable Time When You Work For Free: Time is money; working for free will take a toll on your skills, health, and time. You trade vulnerable time for no reward, which you would have done for a fair amount of price if it was a paid gig.

If you have agreed to work for free, you are letting the client know that continuing with the exact relationship is acceptable, i.e., working for free. When you think about it, accepting an unpaid commission means working for free- until and unless your client is willing to pay for your accommodation and overheads.

Working for Free Sets, Your Working Charges To Zero: You don’t work for free if you consider yourself growing into a big firm in the coming years. For example, if you are working for free for a firm on a vast project. Essentially, you cut yourself on the foot the day you had decided upon your wages.

As a result, it might not be easy to come to an agreed price with the client. The sole reason is that the client gets comfortable paying you out and is now unwilling to shift to a payment system.

Exposure Cannot Be Computed When You Work For Free: On average, one of the main reasons why people do not opt for free work is because they seek exposure. Some newcomers and entry-level joinees fall victim to this mindset.

The need for experience should not be the reason to work for free. A superb way to turn this around is to charge lower. This way, you can strongly build your profile, and your expertise will grow.

Lack of Boundary Depreciates Your Work: When you take up free work, there is always an urge to be overburdened with more work by the person who is offering.

The reason is that there are no clearly defined business boundaries because the work has no predestined budget. So, your offer might begin demanding and expecting more outcomes than you can deliver, though there is no accountability.

How Does eFormscreator Protect You From Working For Free?

A failed attempt to gain wages and salary for your services automatically is free work. The difference is that you might not have submitted to it.

As a result, you need to invoice your clients quickly while encouraging them to pay outstanding debt. Hence, with eFormscreator, you can create paystub for your clients and for employees.


Now you have a clear understanding of why people should never work for free. With this blog, you can help yourself and also help others who are working for free and wasting their time and energy over it.

If you are still looking for the perfect paystub creator, you can visit eFormscreator.

How To Cancel a Pending Transaction on Credit Card, Debit Card or Paypal?

Dec 22nd, 2023

If you are used to working with cashless transactions, then a pending transaction is not a new thing for you. Even though such a charge is not permanent and signifies a waiting transaction, it can be uncomfortable at times.

The reason is that the pending charges affect your available balance until the funds flow out. As a result, your chances of having them increase with more debit card purchases.

In this blog, we will highlight what is a pending transaction and how to cancel a pending transaction? Before we dive deep, if you want to create paystub, you should be visiting eFormscreator.

What is a Pending Transaction?

A Pending Transaction is any payment that has not been fully processed even though the customer has accepted the payment. Essentially, pending charges are familiar with cashless transactions like credit card payments.

When you make a payment with either your debit or credit card, the merchant charges your account. However, the issued charge might take a while to enable the complete transfer of funds to the recipient.

The reason is that the payment has to go through specific third-party processes-payment networks, within which your transaction becomes pending. As the pending charges clear up the moment, your card issuer successfully transfers the funds to the merchant for you.

Operation of a Pending Transaction

When you use a debit or credit card to make a transaction, the payment passes via various processes.

To start with, the point-of-sale (POS) system informs the merchant that your card is authentic. Your bank, credit union, or card issuer authorizes the purchaser.

However, the transaction do not become final until your banking institution transfers funds to the merchant on your behalf.

In the case of a pre-authorization, the merchant charges more than the actual amount to ensure that they will have access to those funds if your purchase surpasses the accurate amount of the transaction.

For example, you might pre-authorize at $50 at the petrol station and just pay $42 to fill up. Until the $42 is transferred from your account, the $50 charge will show as a pending transaction.

Credit Cards

When you use your credit cards to pay for something, no money is taken from your credit union account until you pay your payment at the end of the month. A pending credit card transaction only reduces your available credit amount.

Debit Cards

Debit card transactions immediately remove money from your account to cover the purchase costs. This means that a pending payment on your debit card reduces the available balance in your account for the duration of the transactions, which is not lengthy.


Paypal’s payment processing system is existing. This implies that if you paid using Paypal, the transaction might appear pending in your Paypal account before it appears on your credit card.

Reasons Which Can Delay An Exchange

Payments Outside of Business Hours: Due to the wide availability of online financial transactions, you might notice that you can make payments whenever you like. However, you will get to see that your trade stands out as pending for those payments which you make outside of the prevailing working hours.

Merchant Operational Protocol: Different strokes for different people. Therefore, some merchants will not accept your payments until your order has been shipped.

When You Make A Huge Purchase: Often, you notice a pending transaction when you make a huge purchase. The reason is that making massive purchases on credit puts the merchant at considerable financial risk.

How is a Pending Transaction Related to Credit and Debit Cards Operations?

When you swipe your credit card, the approved payment fails to reflect on your available balance like a pending credit card transaction. Generally, these pending charges do not last longer than 7 days before they clear up.

The amount’s pending duration depends upon the time you initiated the transaction and the time it takes your merchants to finish the transaction.

On the other hand, the effect of a pending transaction seems easier with debit cards. The reason is that the credit card only affects your available credit balance.

How does a Pending Transaction is Related To Debit Card and Credit Card?

When you swipe your credit card, the approved payment fails to reflect on your available balance like a pending credit card transaction. Generally, these pending charges do not last longer than 7 days before they clear up.

The amount’s pending duration depends upon the time you initiated the transaction and the time it takes your merchants to finish the transaction.

On the other hand, the effect of a pending transaction seems easier with debit cards. The reason is that the credit card only affects your available credit balance.

How does a Pending Transaction Relate to PayPal?

You can experience a pending transaction on your PayPal because it is a cashless marketing method. However, sending payments via the PayPal payment system differentiates it from credit or debit cards.

How To Cancel A Pending PayPal Transaction?

Canceling a pending PayPal transaction is only possible when you send the payment to someone whose email is not linked to a verified Paypal account.

But, if you pay a merchant who has not automated his payment acceptance, your funds are left to the merchant to accept or decline.


With eFormscreator, you can track your purchases and budget your finances. And you might be familiar about how to cancel a pending transaction on credit card, debit card or PayPal? If not, you can revisit this blog anytime you like.

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How To Find Your Employment History in the USA

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How To Find Your Employment History in the U.S.

Dec 21st, 2023

Getting your employment history is not challenging. If you have worked in several places, recalling it can become challenging at times. But you can get information on your employment history via government-approved agencies.

In this blog, we shall enlighten you about how to find your employment history in the U.S. If you are looking for a paystub creator, then eFormscreator is your answer to it.

What is Employment History?

A person’s employment history is their work history that includes their previous place of work. Generally, your new employer will require your employment history as a part of the working process.

Employers use employment history to gain insights into potential employee’s past and employment verification. This also serves as proof of a person’s experience and qualifications.

Generally, when your work history is under review, employers look for the following details:

  • The time gap between your past jobs.
  • Staying power in your past jobs.
  • Diversity in your compensation rate.

How To Find Your Employment History in the U.S.?

Grabbing your service history can be a daunting task, firstly, if you have already worked in various places. The mobility of labor also contributes to most of the people’s difficulty in building their service history.

Below are some of the ways in which you can get your hands on your employment history in the U.S.

Social Security Records: Social Security Records provide you with the most accessible venue to generate your employment history in the U.S. So, it links all of your service history together.

Social Security keeps records of your payments to social security programs for your income. You can visit the Social Security Administration’s website to download an online copy of your 7050 form.

The Social Security Administration may require a small payment before giving your records. You might be required to pay $136 for a non-certified statement and $192 for a certified statement.

Alternatively, you can use this information on the report to fill out the necessary forms. In addition to this, your state’s unemployment office also provides social security information, which you can get at zero cost.

Via Your Tax Returns: Your tax returns provide valid information about your previous employers. So, your past W-2 includes information about the name and address of your employer, including your date of employment. If your tax returns are prepared online, you can view and download them from the website.

By Contacting your Previous Employers: If you are not sure about your work history over the years, you can contact your previous employers. Essentially, the HR department of your previous workplaces can assist you with getting information about your work history.

How Do You Get Your Employment History by Checking Your Credit Report?

If you supply your work information while applying for a credit facility, your credit reports can help you find your employment history. You can get your work history via credit reports by using a reputable site to access your credit report.

After viewing your credit report, you can contact the credit report agency where you notice some diversity. Credit report agencies include:

  • Experian
  • Equifax
  • TransUnion


Getting your employment history in the United States works well with your previous documents. You should ensure that your information across all the platforms, like Linkedin, is in symmetry.

If you want to create paystub you should definitely keep your tab on eFormscreator which is a 100% free tool.