Okuzeka
Accounting & Tax vocabulary · Payroll & Employee Costs

Payslip

Meaning in accounting & tax, with examples

/ˈpeɪslɪp/nounCore term

In accounting & tax, payslip means: A document given to an employee each pay period showing gross pay, each deduction such as tax and social security, and the final net pay.

In Turkish: maaş bordrosu, ücret bordrosu, bordro pusulası

How it is used

Payslip is British English; Americans say pay stub. Payslips are now mostly electronic. Employees check them each month, and banks may ask for recent payslips with a loan application.

Example sentences

  1. My payslip shows a deduction I don't understand. Can you check it?

  2. Payslips are available on the HR portal from the 28th of each month.

Common collocations

  • monthly payslip
  • electronic payslip
  • pay stub
  • check your payslip
  • payrollThe process of calculating and paying employees' wages, including tax and social security deductions, and also the total amount a company pays its staff.
  • gross payAn employee's total earnings for a period before income tax, social security and other deductions are taken off.
  • net payThe amount an employee actually receives after income tax, social security contributions and other deductions have been subtracted from gross pay.
  • social security contributionsCompulsory payments by employers and employees, calculated on wages, that fund pensions, health care and other social benefits.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Payroll & Employee Costs

Practise with graded reading

Reading at the right level is the fastest way to make new words stick. Pick free English books by level:

This page explains English vocabulary for learners. It is not financial advice.