Final answer:
Advantages of paying employees by check include improved traceability, improved record-keeping, and decreased reconciliation process.
Step-by-step explanation:
- Improved traceability is an advantage of paying employees by check. When a check is issued to an employee, it provides a clear record of the payment and can be easily traced back to the employer. This can be useful for auditing purposes and helps ensure transparency.
- Improved record-keeping is another advantage. When employers pay employees by check, it creates a paper trail that can be used for accounting and tracking purposes. The check serves as proof of payment and can be filed away for future reference.
- Decreased reconciliation process is also an advantage. When payments are made electronically or in cash, there can be a need for additional reconciliation processes to ensure accuracy. However, paying employees by check simplifies the reconciliation process as it provides a clear and documented record of the payment.