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    krazyvic's Avatar
    krazyvic Posts: 1, Reputation: 1
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    #1

    Jul 16, 2010, 02:10 PM
    What is the journal entry for writing off an employee loan
    I have an employee loan on the books that I want to write off. What is the journal entry per GAAP?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jul 17, 2010, 12:51 AM

    You can write it off as bad debt, just like a customer bad debt. Debit the bad debt and credit the receivable from the employee.
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