Direct deposit of employee paychecks is one way an organization can improve efficiency and reduce payroll-processing costs.Which statement regarding direct deposit is false?
A)The cashier does not authorize the transfer of funds from the organization's checking account to a payroll checking account.
B)The cashier does not have to sign employee paychecks.
C)Employees who are part of a direct deposit program receive a copy of their paycheck indicating the amount deposited.
D)Employees who are part of a direct deposit program receive an earnings statement on payday rather than a paper check.

Question

Quizplus · Accepted Answer

The cashier's role in the direct deposit process does not typically involve authorizing the transfer of funds from the organization's main checking account to a payroll checking account. This task is usually managed by other roles within the finance or payroll department to maintain internal controls and segregation of duties.

Direct Deposit of Employee Paychecks Is One Way an Organization