Follow Go Trip Travel on Twitter Like Go Trip Travel on Facebook Go Trip Travel on Linkedin

Categories


Recommendation
Would you like to renew of improve your website? The Dutch company Hoogma Webdesign is the right partner for a new tourism/holiday website, web hosting and domain registration.

How do I record an advance to an employee and the deduction

How do I record an advance to an employee and the deduction Winter Park Cruises
United states of America
Winter Park
United States of America

payroll.accountingerrors.com

A advance to an employee is typically a short lived loan by a corporation to an employee. In other words, the corporate is that the lender and therefore the employee is that the borrower.
The advance must be reported as a discount within the company's brokerage account and a rise in an asset account like Advance to Employees or Other Receivables: Advances. (If the quantity is predicted to be repaid within one year, this account are going to be reported as a current asset.)
If the advance is repaid through payroll withholdings, the quantity withheld are going to be recorded as a credit to Advance to Employees. For more info contact now +1-844-827-3817.
Tags: quickbooks payroll advance,employee advance in quickbooks,how to record cash advance in quickbooks