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In this video, Hector Garcia, a CPA and QuickBooks consultant, explains what pay stubs are and their significance. Pay stubs provide detailed information about employees' paychecks for each pay period. They typically accompany physical paychecks but are increasingly offered electronically, especially with direct deposit options, allowing for a paperless process. Pay stubs are essential for keeping employees informed about their earnings and provide a clear overview of their financial status. Hector encourages viewers to explore more on his YouTube channel, which focuses on QuickBooks accounting, tax, and small business topics.