Hi
I hope someone can help as I dont know how to record this. I have a Staff member whom we paid air fares for. We have agreed that we will pay half for the first 2 air fares and he will pay the third in full. I've made up a liability loan 2-xxxx 'Loan for Air Fares'. I have been deducting an agreed amount from his wages and using this account, but I think this is wrong? He has decided to leave and still owes money. Do I create an invoice for the amount owing?
Thanks in anticipation!
Regards
Semone