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tornadofitness
January 2, 2020
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How do I enter the draw an employee took on their paycheck mid-month?

  • January 2, 2020
  • 1 reply
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Best answer by BigRedConsulting

Create and use a net deduction type item (no tax tracking code)  that uses the same account that you used on the check (?) issued to the employee for the advance.

1 reply

BigRedConsulting
BigRedConsultingAnswer
January 2, 2020

Create and use a net deduction type item (no tax tracking code)  that uses the same account that you used on the check (?) issued to the employee for the advance.

    T
    tornadofitnessAuthor
    January 2, 2020

    THANKS! You are correct, I actually finally found the correct specific steps in the HELP link! For anyone who stumbles across this post and needs the same help as myself, the QB article is titled: "Create an Employee Advance".  :)

      G
      Gordeee
      August 30, 2020

      I got the Mid Month Advance all set up following the QB help article but now how to I pay it out? And there was some not of making a journal entry to correct for it. DO I need to do this every month?

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