Employee Payroll Advance

Question

We have a unique situation where employees sometimes need pay advances for whatever reasons. These are usually paid back each pay period based on a fixed amount. I am wondering if anyone has dealt with this and what the best way would be to set this up in Acumatica Payroll so that repayment deductions can be made each pay period.

mschmidt07 · Accepted Answer

I’ve handled employee loans and/or advances by setting up a deduction code & labeling it as a Garnishment. That will allow you to set the date the loan was effective and the limit. Payroll will then stop the calculation when the amount is completely repaid :) Worked like a charm.

Kandy Beatty · Answer

HI @mstoppaHave you looked into Liability Bills? They could be setup as a deduction and paid back to a certain account.https://help-2022r2.acumatica.com/(W(3))/Help?ScreenId=ShowWiki&pageid=c606f600-5e66-4994-833f-83f9007ee4b4You could also just do a straight deduction code:https://help-2022r2.acumatica.com/(W(3))/Help?ScreenId=ShowWiki&pageid=1e1030ef-99f5-4c8a-b48f-a9ad9d9f573e

Sign up

Social Login

Login to the community

Social Login

Scanning file for viruses.

This file cannot be downloaded