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Payroll Deductions

edited Jun 28, 2011 1:21PM in SuitePeople US Payroll 7 comments

Is there a way to set-up payroll deduction that goes to something other than a liability account? From what I have read there does not seem to be an option.

Having the deduction go only to a liability account limits the functionality of payroll. For instance, we have employees who pay back a draw or loan from the company. In both instances those are company assets, not liabilities. Or, an employee uses a company credit card for a personal purchase. The item is initially expensed to the Income Statement. The expense is then credited when the amount is deducted from the employee's paycheck.

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