how to handle a cash advance

Sep 03, 2012 2 Replies
K

Hi, QB users,



I'm working for a company that advanced me $200 cash to cover expenses. Now I'm doing the invoice, and I'm not sure how to handle this. Any suggestions?



thanks


Vote
Twitter Facebook LinkedIn
P

wrote

I'd pop it into a pre-paid expense account, maybe called "Employee Advances", so I could track the unaccounted for advances. When you submit the expense reports, book those expenses and credit the Employee Advance asset account.

Vote
Twitter Facebook LinkedIn

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required