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Advance to Employees

Former Member
0 Kudos

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

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

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

Former Member
0 Kudos

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

Answers (3)

Answers (3)

former_member583013
Active Contributor
0 Kudos

You could use the A/P DownPayment Invoice

OR

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

Former Member
0 Kudos

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.

former_member541807
Active Contributor
0 Kudos

hi,

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

fidel