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Jun 21, 2022 at 09:58 AM

Accounting process of payroll advance

48 Views Last edit Jun 22, 2022 at 12:42 AM 2 rev

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