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In this video, Hector Garcia, a CPA and QuickBooks consultant, explains pay stubs, including their purpose and contents. Pay stubs provide detailed information about an employee's paycheck for each pay period and typically accompany physical paychecks. However, many employers now offer direct deposit and provide electronic pay stubs, facilitating a paperless process. Pay stubs are crucial for keeping employees informed and giving them a clear understanding of their earnings. Hector also encourages viewers to engage with his content, which focuses on QuickBooks, accounting, tax, and small business topics.