Advance to Staff

Recording Staff Salary Advances

In the normal course of business, you will be issuing Advances to your Staffs against Salary or for Expenses. This needs to be recorded into the Accounting Software.

Let me now show you how a Staff Advance is recorded in Moiboo Software.

1.Go to Journal under accountant tab
2.Click add journal option and add Salary Advances entry

3.Add a Description for your reference.
4.select the Date, Ref No, Here is the Proof
5.Now select Staff Salary Advances ( current liability) and add amount under debit column
6.Select bank or cash and add amount under credit column
7.Click save

8.Now go to Journal under accountant tab
9.Click add journal option now add salary

10.Add a Description for your reference.
11.select the Date, Ref No, Here is the Proof
12.Select Salary ledger and add Total salary amount under debit column
13.Now select Staff Salary Advances ( current liability) and add advances amount under Credit column
14.Select bank or cash and add amount under credit column
15.Then save