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I have an employee advance that the employee repaid with a personal check instead of having the amount deducted from his paychecks. He was paid the advance as a vendor, not through payroll. How do I account for the repayment?
Solved! Go to Solution.
Hello ApexBoss!
Thank you for the reply. Let me help you in recording the cash advance repayment.
You can simply create a deposit. Then, make sure to select the same account you used to give the advance. Follow these steps:
I also added this article if you need to reconcile your accounts: Reconcile an account in QuickBooks Desktop.
Keep your posts coming if you have other concerns. Take care!
Good evening, @ApexBoss.
Congrats on making your first post here in the Community. I hope your day is going well so far.
Before digging further, have you tried the steps listed in our guide below:
This is the article you'll find to ensure you get this recorded properly in your account.
Let me know if you've reviewed this guide before or if the steps did/didn't work. I want to ensure that you get this resolved a soon as possible.
Thank you.
Yes I have reviewed those steps, I do not see an option for when the employee gives us a personal check to pay back the amount. I am only seeing how to deduct from their paychecks.
I may be overthinking this process, seems it should be fairly simple to point the deposit of the employees personal check towards the advance, but I am drawing a blank on how to do that.
Hello ApexBoss!
Thank you for the reply. Let me help you in recording the cash advance repayment.
You can simply create a deposit. Then, make sure to select the same account you used to give the advance. Follow these steps:
I also added this article if you need to reconcile your accounts: Reconcile an account in QuickBooks Desktop.
Keep your posts coming if you have other concerns. Take care!
Thank you, I was definitely over thinking that one!
Much appreciated!
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