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sage user


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how to record an advance salary ( the double entry effect?)
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How do i record an advance salary for an employee what is the double entry
I know i Credit the bank but where does the other side go to?

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additionsbookkeeping


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I have a nominal 2222 in Sage and thats where I post the other side to, then reverse it when posting the salaries at the correct date.

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littlebookkeeper


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Hi,

I agree, set up a separate nominal code for advance wages. I would post it to a code which falls into the debtors category though and the 2000s are creditor codes. Set up one say 1105.

Carole


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PJC Bookkeeping


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Yes I agree with Carole. Like a prepayment as far as the business is concerned.

Regards

Peter

PJC Bookkeeping Services

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thank you

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