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June 23, 2021
Question

Is there a way tofinalize payroll early? I have an employee who needs an advance on her check one week earlier than payroll usually runs.

  • June 23, 2021
  • 1 reply
  • 1 view
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1 reply

john-pero
Level 12
June 23, 2021

You should cut a paper check if possible. Record it as Employee Advance, a current asset. Then post the repayment as a deduction in next payroll.

 

Or you may be able to run an unscheduled payroll for 1 employee if it is to be direct deposit. Keep in mind that if you simply issue the paycheck a week earlier you will owe tax deposits a week earlier as well.