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.
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.
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