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In this video, Hector Garcia, a CPA and QuickBooks consultant, explains pay stubs, highlighting their purpose and essential information they contain. Pay stubs detail employees' paychecks for each pay period and typically accompany physical checks, although most employers provide them electronically, especially with direct deposit options. They serve to keep employees informed about their earnings and provide a clear overview of their compensation. Hector emphasizes the importance of these documents in understanding payroll and offers additional resources on his YouTube channel about QuickBooks and small business topics.