Meaning of Payslip (What it is, Concept and Definition)

payslip is a document that certify the payment of salary of a worker that is often deposited in their bank account. The term payslip is more common in São Paulo, and in other places it is often replaced by the expressions "statement of payment" or "paycheck".

The payslip indicates the gross salary of an employee and is issued by a commercial institution or government agency. This document consists of the signature, company data, worker data, additions, deductions (which may be advances, contribution union, health insurance, income tax, INSS, food, private pension and transport), footer and salary specification (net total to receive).

The term payslip derives from Herman Hollerith, the name of an American inventor and entrepreneur. Hollerith invented a punch card information logging system that revolutionized the processing of large amounts of data. In 1890 this system was used to take the United States census, which took just one year, significantly less than the 1880 census, which took seven years.

electronic payslip

Currently, several banks provide their customers with an electronic payslip, which can be checked on the internet or at a service station. To access the payslip, it is necessary to complete an authentication process to prove that the payslip belongs to the right person, thus avoiding the disclosure of private information.

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