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

    Aug 23, 2010, 01:54 PM
    How do I calculate for our office staff loan
    I have given some amout to our office staff as a loan. He will be back it after some days or some months . So how can write that transaction ? What is the rules about this transaction.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Aug 24, 2010, 12:46 AM

    Assuming he's really planning on paying it back, it's just a receivable. You may want to put it in a separate receivable account than your customers. "Employee receivable" or some such. If you have reasonable expectations that it will get paid within the one year limit of current assets, then make it current.
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