I need to give an employee a cash advance and have set up the deduction in his profile "cash advance repayment". Just unsure how to go about recording the actual cheque? Do i just do a new expense? What category/account would i put it to?
Giving an employee an advance on their pay cheque is sometimes necessary. I'll help you set this up in your QuickBooks Online account.
The cash advance itself will need to be issued using a Cheque. You'll set up a new account in your Chart of Accounts called Employee Cash Advances for reporting this expense. To create this account, click the Accounting tab on the left navigation, and select Chart of Accounts. Select New at the top left corner to create a new account.
To create a cheque, click the Create (+) menu > Cheque.