TBST
2 years agoContributing User
How to deduct funds weekly from an employee to repay a loan given from our business
We recently loaned a full time employee $1400 and he has requested that $100 be taken out of his wage every week to repay the loan.
Do I need to set up a liability account first then allocate the repayments to the liability account?
Thanks in advance
Hi TBST,
Welcome to the Community Forum!
I've found a help article that may assist you with your query:
If you had any further queries, please feel free to reach out.
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.