Topic: How to properly track cash advances from employees
Ok, here is my question. I have a client who takes out cash advances every week. How do I enter them into FA? Right now the way it is on his settlement statements that he gets they are shown as a deduction with the rest of his expenses.
When I enter the settlement statements into FA I just was creating an item called advances in the expense category but now that I think about it I need to set it up differently because it isn't an expense it's a draw on future earnings. Thanks for all your help in figuring out how to set this up correctly in FA.