Advance Payment
I am considering how to assist a staff member with some cashflow problems and wonder what the process would be for paying wages in advance or providing a cash advance via the payroll system. Would I ...
Forum Discussion
Hi TomD,
Thanks for reaching out.
Apologies for the delayed response. Doing advance payment for employees are not uncommon, most business has this. We would need to create an asset account and a pay category for this and link it to the employee. Here is a helpful article Wage advances and employee loans. This will outline the complete steps in doing the employee's advance wage.
Let us know if you encounter any issues or have any questions regarding this. We're happy to help further.
Cheers,
Genreve
