Payroll/Employee Pay Advance

Hi Dina,
This is how we do a pay advance to an employee. 1st set up a Current
Asset G/L Account Employee Receivable - Debit.
2nd set up a Current Liabilities G/L Account Note Payable, Employee -
Credit.
Cut a pay advance check to the employee from the Accounts Payable
checking account, (not the payroll checks) and put that check to the
Employee Receivable G/L Account.
Then set up in payroll under Deduction Maintenance a Pay Advance Account
with a declining balance and then click the "amount" circle. Put in
your Note payable G/L # and you're in business. Just go to deductions
in the person's payroll file and enter the amount of the pay advance and
how much they are paying back each pay period. This way all the taxes
are taken care of, the employee's hours are correct.


-----Original Message-----
From: Dina Hieber [mailto:dhieber@...]
Sent: Wednesday, June 06, 2001 8:15 AM
To: vantage@onelist.com
Subject: [Vantage] Payroll/Employee Pay Advance


Can someone tell me, how they handled a pay advance. I am trying ot
figure out how to setup Vantage. We have an employee we gave a payroll
advance, which will be paying it back with worked hours. Does anyone
have an ideas?

Thanks,

--
Dina M. Hieber
Vamco International, Inc.
555 Epsilon Drive
Pittsburgh, PA 15238
(412) 963-7100 - phone
(412) 963-9511 - fax

www.vamcointernational.com



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Can someone tell me, how they handled a pay advance. I am trying ot
figure out how to setup Vantage. We have an employee we gave a payroll
advance, which will be paying it back with worked hours. Does anyone
have an ideas?

Thanks,

--
Dina M. Hieber
Vamco International, Inc.
555 Epsilon Drive
Pittsburgh, PA 15238
(412) 963-7100 - phone
(412) 963-9511 - fax

www.vamcointernational.com