When you give a payroll advance to an employee, Sage 100 Contractor debits the Payroll Advance ledger account and records the amount in the Advances Due text box in the employee’s record. Payroll advances are considered a type of short-term loan and are not subject to payroll deductions.
You can deduct the advance from the employee’s next paycheck, or a flat amount each pay period until the advance has been recovered. As you recover the advance, Sage 100 Contractor updates the Advances Due text box to reflect the current amount due. When the amount in the Advances Due text box reaches $0, Sage 100 Contractor stops making a deduction from the employee’s pay.
|
For additional online resources for Sage 100 Contractor products, visit the Sage Customer Portal. Use the portal to access the knowledgebase, chat online with customer support, or enter a customer support ticket.
For additional training on Sage products, visit Sage University.