Forum Discussion

TBST's avatar
TBST
Contributing User
2 years ago

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...
  • Sam_R's avatar
    Sam_R
    2 years ago

    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.

Sam_R's avatar
Sam_R
Former Staff
2 years ago

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.

  • TBST's avatar
    TBST
    Contributing User
    2 years ago

    Thanks Sam, this worked perfectly

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