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TBST's avatar
TBST
Contributing User
2 years ago
Solved

How to deduct funds weekly from an employee to repay a loan given from our business

We recently loaned a full time employee $1400 and he has requested that $100 be taken out of his wage every week to repay the loan.   Do I need to set up a liability account first then allocate the...
  • Sam_R's avatar
    2 years ago

    Hi TBST,

     

    Welcome to the Community Forum!

     

    I've found a help article that may assist you with your query:

     

    If you had any further queries, please feel free to reach out. 

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.