Loan & Advance Payments

Advance payouts to employees.

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Where to find itHR & PayrollLoans & AdvancesLoan & Advance Payments

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• The payout entry debits the payslip account instead of the advances account, while payslip instalments credit the advances account. Book a correcting entry (debit employee advances, credit accrued salaries) after each payout, like ADV-RECLASS-2026-07 in the example.