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arkvalleyinfo
October 19, 2018
Question

How I can post Employee cash advance, I need to know Category and type. and once we post journal how we get each employee name.

  • October 19, 2018
  • 1 reply
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How I can create a chart of accounts of Employee cash advance, I need to know Category and type. and once we post journal how we get each employee name.

      1 reply

      SophiaAnnL
      SophiaAnnL
      October 19, 2018

      Good day m.shafeeq,

      I'm here to help you set up the Cash Advance.

      If you're referring to setting up Payroll Cash Advance, we only need to create a payroll deduction to pay back the advance. Let me walk you through the process:

      1. Go to the Gear icon.
      2. Select Payroll Settings.
      3. Click Deductions/Contributions under Payroll.
      4. Click Add a new Deduction/Contribution.
      5. Select Other deductions for the Category.
      6. Select Cash Advance Repayment for the Type.
      7. Enter a name in the Description field.
      8. Click OK.

      Please take note that the payroll feature is not supported in the QuickBooks Online International version. I'd suggest consulting an accountant for the best practice on how to record the payroll cash advance. Here's an article that will walk you through with entering manual payroll in QBO: https://community.intuit.com/articles/1145322.

      If you'd like to set up employees to show on your Journal Entry, please follow the steps in this article: https://community.intuit.com/articles/1614743.

      Don't hesitate to post your questions, if you have any, in the Comments section below. I'll do my best to help you out.

      R
      rkumar1
      January 4, 2019

      Hi. How to record Cash Advances / Cash Deductions to be set off against employee expenses?

      Kristine Mae
      Kristine Mae
      January 4, 2019

      I can help you record an employee cash advance, rkumar1.

       

      First, you'll have to create a reimbursement item. Here's how:

      1. Click Workers, then go to Employees.
      2. Choose the employee, then click to open the profile.
      3. Click the Pencil icon next to Pay.
      4. Under How much do you pay Employee?, click Add additional pay types.
      5. Put a check mark in the Reimbursement box, then click Done.

      As for the cash deduction, you can follow my colleague @SophiaAnnL's steps.

       

      When you create a paycheck, you can record the advance/deduction. 

       

      Feel free to visit us anytime if you have other payroll concerns. Have a good one! 

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