Tracking and calculating payroll data for your employees is easily done in Excel, the program that provides numerous functions and formulas to get the job done right. Use a template to calculate and store payroll data
To have Excel calculate employee payroll numbers from employee data such as hours worked, pay rates,
and taxes or other deductions, you can take advantage of the built-in functions and formulas of the Payroll Calculator Log template. The template provides the following worksheets: Employee Information, which provides columns for entering employee data, such as Name, ID, the percentage of tax to be withheld, and specific deductions. Payroll Calculator, which provides additional columns for employee timesheet information (such as hours worked and vacation hours taken) and deductions. Excel uses this information to calculate gross pay and net pay for each employee in this worksheet. Individual Paystubs, which extracts entered and calculated information from the Employee Information worksheet and the Payroll Calculator worksheet and displays it in printable paystubs for each employee.
