We have multiple company credit cards and the occasional use of it for personal expenses. Is there a way, when recording the relevant transaction, to record it into Employee Advances with the correct employee identified so that it's easy to deduct it from their next pay cheque?
As far as I know, there is no way to automatically do this.
Here is what I do:
On the credit card transaction, put the full charge to account: "Employee Advances"
In the memo line, type the Employee Name
Print:
From Chart of Accounts
Quick Report: Employee Advances
The employees names show in the memo column.
Ensure you have a payroll item "Advances Paid" or the like
While reviewing paycheques, in "Other Payroll Items" box, type the "advances paid" item and input the rate (amount from your Employee Advances column).
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.