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Established Member

Paying Off Student Loan As Employee Benefit

We paid off an employee's student loans as a benefit to the employee.  We made the payment directly to the company. What is the best way to record this in Quickbooks?

2 Comments
BRC
Established Community Backer ***

Re: Paying Off Student Loan As Employee Benefit

It's income to the employee.  Add the amount you paid to an employee check as a bonus.

Established Member

Re: Paying Off Student Loan As Employee Benefit

But how does that look in quickbooks? Actual, specific steps please and thank you!  I put an invoice in the pay the vendor/student loan company directly.