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author's profile photo Former Member
Former Member

Advance to Employees

Hi Experts,

Please advice what is the best way to handle payment of advances to employees (defined as Vendors) so that the advance payment made to them is reflected in their ledger.

Regards,

Asap Fan

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4 Answers

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Jan 25, 2010 at 08:40 AM

    Hi

    If you want to track the amount the best way to handle is

    Create a Control account in Asset named Employee Advance account

    Create BP group employee and create employee master in Business Partner master data as vendor, link the control account

    Use AP Service Invoice to book all the expenses.

    through this you can have complete employee wise report.

    Regards

    Kamlesh Vagal

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    • Former Member

      Hi Kamlesh,

      Please how can I link the business partner vendor to Asset account ? once a create the business partner as vendor only liabilities accounts can be linked

  • Posted on Jan 24, 2010 at 02:27 AM

    hi,

    A/P Invoice w/out reference will serve the purpose

    fidel

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 25, 2010 at 06:10 AM

    Hi!

    With two ways you can handle this,

    1. Create GL's with Employee Name or

    2. Create Employees as Profit Centers

    If u do via Profit Center, u have to mark Advance to Employee Ledger to Expenditure Catagory.

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 25, 2010 at 06:51 AM

    You could use the A/P DownPayment Invoice

    OR

    Process an Outgoing payment and select Employee (Vendor) and process a payment on account.

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