how to handle a cash advance

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

Reply to
kaufmanauthor
Loading thread data ...

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.

Reply to
paulthomascpa

Thanks, that worked!

Reply to
kaufmanauthor

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.