Net Pay is the amount you have made during a given pay period whereas the Year-to-date, commonly abbreviated as YTD Net Pay is the much you have made in a year up to the time when the net pay is determined. With Net pay, a person can get to know the amount someone has in a given time of payment. With YTD net pay, a person can track the amount they have made for that specific year.
Net pay is given based on the salary provision system of a given company or institution. This is usually done every week or fortnightly or after a month. For YTD net pay, it changes once a person gets paid and gets updated with the amount that was accumulated from day 1 of that fiscal or calendar year – in most cases, it is the 1st of January.
Using YTD net pay, employers and employees can assess the current state and performance vis-à-vis the target period. It can also help someone determine how much they can save over a year and how to get to the target.