on 06-21-2022 10:58 AM
Hi, good morning colleagues.
If a payroll advance has been created through travel and expenses and it goes against the employee in accounts payable, what is the accounting process for when the payroll is posted, the previously posted advance can be netted and that item is not left open?
Basically im asking how to not left open the payroll advance in accounting.
Thank you all.
Greetings and have a good day
hi
Accounting entry at time of advance (in payment management)
Employee a/c Dr
To Bank a/c
Accounting entry at time of deduction from salary (in new credit function in particular employee a/c)
Salary a/c Dr
To Employee A/c
Regards
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