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In this video, Hector Garcia, a CPA and QuickBooks consultant, explains what pay stubs are and their essential information. He emphasizes that pay stubs provide details about each employee's paycheck for specific periods, usually accompanying physical checks but often available electronically through direct deposit. This transition to paperless processes is gaining popularity among employers. Garcia highlights the importance of pay stubs in keeping employees informed about their earnings and providing a clear picture of their compensation. He encourages viewers to like the video if they are interested in more content related to QuickBooks, accounting, and small business topics.