What is the primary benefit of separating payroll duties between Finance and HR functions?
Answer
Maintaining internal checks and balances, minimizing the risk of calculation errors
Separating duties between Finance (accuracy) and HR (input management) helps maintain internal checks and balances, which significantly minimizes the risk of calculation errors or data manipulation from a single source.
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Who is generally considered the originator of the salary slip document?Which internal departments are primarily delegated the task of compiling and issuing the salary slip?What specific responsibility does the Finance department typically hold in payroll creation?Which aspect of the payroll input does the HR department usually manage?The generation of the salary slip is the concluding output of which broader process?What type of specialized software is often the generator for payslips in companies today?A slip created by a basic online generator typically carries what legal weight as an official document from the employer?What provides the authorization embedded in a payslip officially issued by the employer?If a payslip shows a much higher salary than the amount deposited, what specific complication might this cause for the employee?What is the primary benefit of separating payroll duties between Finance and HR functions?For what purposes are basic online generators frequently used, despite lacking official weight?