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Payroll Advances
11/6/09 8:26 AM
Total Views: 21
Total Views: 21
how do I pay advance once it is set up in the system
All Replies: Answers (1)
Comments (1)
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Answer
11/6/09 12:57 PM
After creating the paycheck but before printing, open the check and add the advance item in the "other payroll items" (additions and deductions) section. Put in the dollar amount as a positive. This should have increased the check amount. Now re-save and print the check.
To collect the advance from payroll, do everything the same except enter the amount as a negative.
I hope this helps. Thank you.
Comment
You don't have to pay an advance through payroll. You simply use Write Check. This is not a taxable issue, it's simply a loan.