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  #1  
Old 04-10-2012, 07:41 PM
Bovverdog Bovverdog is offline
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Red face Payroll Deduction to Pay Invoice

I have an employee who wants to pay for an invoice he has with our company via payroll deduction. Can anyone tell me how I set up the deduction item in payroll and then transact the deduction payment to the invoice. Both nett payroll and invoice receipts are transacted in the same bank account.
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  #2  
Old 04-16-2012, 01:54 AM
Wendy Mccoy Wendy Mccoy is offline
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I think it would be set up similar to child support, but then you would have to raise a liability check, would'nt it be easier just to get the guy to pay you as per normal especially if it is a once off thing
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  #3  
Old 04-16-2012, 05:45 PM
Geoff Young Geoff Young is offline
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Hi there

Could not agree with you more Wendy. I too think it is a bit messy putting it through Payroll.

However, if you want to put it through the Payroll you will have to set up a new "Payroll Item" for the Payroll Deduction and probably call it "Payment of Invoices"
If it were me I would then direct the Payroll Deduction to an Account Called "Payroll Deductions" under Liabilities then raise a General Journal Debiting the "Payroll Deductions" Account crediting the Employees "Customer Account".

No doubt someone else may have a better idea.

Hope this helps
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  #4  
Old 04-17-2012, 07:10 PM
Bovverdog Bovverdog is offline
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Thanks to Geoff and Wendy - I agree with both of your comments however I believe this is going to be an ongoing situation so want to achieve the easiest outcome. The reasoning behind transacting as a payroll deduction is that many of the employees are techs or tradies who do not get into the admin office too often and so to ensure that the employee invoices are paid in a timely manner it is agreed between both company and employee to deduct the outstanding amounts from their pay.
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  #5  
Old 04-18-2012, 05:05 PM
Geoff Young Geoff Young is offline
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Hi there Bovverdog and Wendy

Have a look at this link. It may be MYOB and reimbursement of expenses but the same principles apply except instead of reimbursing expenses you create a deduction.

http://community.myob.com/t5/Staffin...ll/td-p/103511
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Geoff Young
Busselton Bookkeeping Service
QuickBooks Partner, MYOB Certified Consultant,Trainer, Solution Provider,
BAS Service Provider,
Servicing Busselton, Vasse, Yallingup, Cowaramup, Margaret River, Dunsborough, Augusta
www.busseltonbookkeeping.com.au
Phone 08 97547680
e-mail geoff_bookkeeper@hotmail.com
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