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FAQs

How can I account for the excess advance amount I should be receiving from my employee?

As a Bill:

If the advance payment is more than the reimbursable expense amount, the entire advance payment will be exported as a vendor credit in QuickBooks. You can make the bill payment using the vendor credit.

As a Journal:

The excess amount will be entered as a debit entry in the journal, against the Accounts Payable account.

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