Questions To Consider About Indispensable Elements Of Payroll Financing Solutions

Create a custom Payroll Summary Report. Select Deduction, and click Next. Enter the name of the payroll item that will be easily identifiable such as Advance Payback, and click Next. Select the employee from the Pay to the Order of drop-down list, and click OK in the warning screen. By submitting signed time cards and invoices, you can receive immediate payroll funding. In the Preview Paycheck make sure you are paying the employee for payroll loans the full pay period, in which the cash advance was taken. Select Net pay, and click Next. We offer partnership opportunities designed to help you—and your clients—succeed.

Consumer.ducation & Awareness My loan.Dom encourages applicants to handle cash advances responsibly, and we work to educate our clients about the best way to manage their loans. Enter the dollar amount from the cash advance in the Rate column. Click under payroll item and use the drop down arrow to select Cash Advance . Select Custom getup, and click Next. Select the date for the check. Select Accounts, and select the asset account used for the Employee Loans on the drop-down menu.