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In this video, Hector Garcia, a CPA and QuickBooks consultant, explains pay stubs, their purpose, and the information they contain. Pay stubs detail each employee's paycheck for specific periods, typically accompanying physical paychecks. However, most employers provide direct deposit options and share pay stubs electronically, facilitating a paperless process. Pay stubs are vital for keeping employees informed about their earnings and providing a clear picture of their pay. Garcia emphasizes the importance of understanding pay stubs and encourages viewers to explore more payroll-related content on his YouTube channel.