Payroll dedictions

Ginny
2 Posts
Cover User
Australia

Payroll dedictions

Hello,

I have an employee who borrowed from me personally $100 and want to pay me back over two pays at $50 per pay. 

Can you advise how I do this? 

virginia

2 REPLIES
Super Partner GDay53
326 Posts
Super Partner
Australia

Re: Payroll dedictions

@Ginny

 

If this is a purely personal loan to the employee from you - then it should not appear anywhere in you business accounts.

If it was a loan from the business then you should set up a loan account and then the deduction linked to the loan account for the repayments.

Check out the support notes:

http://help.myob.com/wiki/display/ar/Loans+and+repayments?intcid=support:help:employee+loan&_ga=2.11...

http://help.myob.com/wiki/display/ar/Selling+to+your+employees?intcid=support:help:deductions&_ga=2....

MYOB Moderator JakeN
571 Posts
MYOB Moderator
Australia

Re: Payroll dedictions

Hi @Ginny,

I would recommend setting up a deduction that you can use for the next two periods. Then once it has been paid you just unlink the deduction form that employees card.

 

To help with setting up a deduction please have a look at this support article, Deductions (click here to open in a new tab).


Kind regards,
JakeN
MYOB Partner/Social Support

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