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Level 1

Payroll advances monthly not to affect taxes

We have 45-50 employees and give payroll advances every month on the 16th if they choose to have one. It is a gross amount (ex. $1200) and usually the same.

   At month end, the advanced is clawed back and all deductions taken. The advance amount should not increase annual income and should not have any deductions from it. We pay through direct deposit.


How do I do this? 

2 Comments 2
QuickBooks Team

Payroll advances monthly not to affect taxes

Hi HorizonCS1,


Thanks for reaching out here.  Welcome!  It's great to hear that you'd like to provide monthly advances to your staff, upon their request. I'd be happy to point you in the right direction, so you can complete your QuickBooks goals in a timely fashion!


In this situation, I encourage you to speak with an accounting professional for the best course of action, to ensure a positive outcome in all areas of your books.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.


If you have any other questions, please don't hesitate to reach back out.  We'd be glad to help!

Level 1

Payroll advances monthly not to affect taxes

I  don't need an accountant, I need to know how to generate and deposit a lump sum into an employees account on the 16th and have it deducted at month end.

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