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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

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