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In this video, Hector Garcia, a CPA and QuickBooks consultant, explains pay stubs—documents detailing employees' paychecks for each pay period. Pay stubs usually accompany physical paychecks, though many employers provide them electronically due to the prevalence of direct deposit, making the process paperless. They are crucial for keeping employees informed about their earnings and deductions, allowing them to understand their compensation clearly. Hector invites viewers to engage with his channel for more content on QuickBooks, accounting, and important small business topics.