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Former Member
May 13, 2009 at 01:48 AM

Cash Advances

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Good Morning Experts,

Can anyone tell me how to handle advances. For instance an employee has advances of 5000. His liquidation is 3600 and return of cash in excess of liquidation is 1400.

Questions are:

How to record

cash advance of 5000

Liquidation of 3600 (to deduct in his Cash advance and record expense)

Return of cash of 1400

Thanks.