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How to track Employee Salary Advance?

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تم إضافة السؤال من قبل goteti kishore , Manager , KEYSTRAT SOLUTIONS PRIVATE LIMITED
تاريخ النشر: 2015/05/25
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من قبل مستخدم محذوف‎

QB does not track raise dates.  You can either add it in the Notes or create a custom field and add it there. Then run a report to get the information.

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Since this question is related to QB.

to track down salary advances, make sure your have added  employee name in QB.

 

then create  GL account called Employee Control a/c (Type current assets)

To pass an entry for  loan/advances

Debit Employee Control a/c and choose employee name NAME

Credit Bank/Cash A/c

 

 

To reconcile, click on Reconcile icon (under Banking group) and choose Employee Control a/c 

 

Screenshot here. http://screenshot.net/znog5fz.jpg

 

 

 

 

 

Joseph Bukenya
من قبل Joseph Bukenya , Accountant , Uganda NCD Alliance

Create a ledger for salary advance ( Under current assets)

On payment

Dr. salary advance ledger   xxx

Cr. cash/bank                                    xxx

 

On recovering 

Cr. salary advance            xxxx

Dr. Salary expenses                    xxxx

Irfan Yaqoob
من قبل Irfan Yaqoob , Finance Manager , Black Spoon Management & Consultancy

Same I ll answer, you can use Different Software through which you can keep record of employees and also track their record by their name or codes whatever suitable to you. Or you can make the same in excel through VBA and excel worksheets.

 

Nasoordeen Kameedsulthan
من قبل Nasoordeen Kameedsulthan , Finance Manager , Specialized Consulting Co

Every organization there should be an adequate loan tracking system.The Advances against any future benefits should be considered as loan (fully recoverable against particular benefit) for the amount which can be settled through benefits, This is because in order to avoid risk of overpaid amount by real calculation in the real due time

Ramsha Mirza
من قبل Ramsha Mirza , Human Resource Officer , capital feed mills

you can use different software through which the employee record data is maintained and by applying formulas u can track employee salary advance. MS excel can also do this.

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