Employee Advance - issuing an employee a cheque between regular pay periods that will be deducted from earnins during the regular pay period.
This tutorial demonstrates the setup and process by which an advance of funds can be issued to an employee and then next pay run the advnace will be withheld. This tutorial demonstrates this with no tax implication and assumes that the amount is being issued free of any withholdings, and then withheld from the next net pay, after all regular taxes are applied to the normal gross earnings.
Note: this article is also publicly available at http://wiki.wws5.com/share/Advance_clarify1201190824.html
Created by Charlene Scott at 1/19/2012 8:24:31 AM