You can use QuickBooks to give an employee an advance on upcoming pay, which
can then be reimbursed to the company through payroll deductions. Use this
procedure if your company has a policy that allows you to give your employees
advances for personal reasons.
Note: This procedure differs from the one you use to
issue an employee
advance for customer purchase.
Create an asset
account to track the advance.
Create a payroll item of the
type "addition" called "Employee Loans" or
On the Expense Account screen, enter the asset account being used for the
Select None as the tax tracking type.
Use this addition on the employee's paycheck.
Collecting payments from an employee