Every employer has to calculate the weekly/monthly payments of their employees on a regular basis. And this should be done without any errors. However calculating taxes, controlling the cumulative earnings, making necessary calculations are no fun. We have just prepared this Payroll Calculator Excel Template in order to make this process a bit easier for small business owners.
This paycheck calculator has many features. You will input the weekly/monthly earnings to the designated sections and adjust the tax ratios for your own country’s regulations. After that, the rest is calculated automatically. It supports as many employees as you want.
In addition to this, the tool has a dashboard to see cumulative earnings as well as a separate section to print out the selected employee’s payments.
Easy to use Paycheck Calculator
Nice dashboard view with different reporting options supported with pivot tables
Includes separate section for tax structure
Clear on sheet instructions
Selective printing (certain employees)
Compatible with Excel 2007 and later versions.
Includes VBA macros. (don’t forget to enable macros when you open the tool)