Sales

To record a sale to an employee

There are a number of ways to handle a sale to an employee. This procedure describes how to deduct the amount of the sale from the employee's paycheck.

  1. Create a customer card for the employee. (Adding cards)


  2. Create an asset account called Employee Purchase and give it a Bank account type. (To add an account)


  3. Using the Deduction Information window, create a deduction for the payment of the purchase. Link this deduction to the new asset account you created in step 2. (To create a deduction)


  4. Create an invoice for the sale to the employee as your would for any other customer.


  5. Record the payment amount as a deduction on the employee's paycheck. (This will credit the Employee Purchase asset account by the amount of the deduction.)


  6. Use the Receive Payments window to record the employee's paycheck deduction as a customer payment.


    Be sure that the payment is deposited to the Employee Purchase asset account that you created; that is, select Deposit to Account in the left corner and then select the Employee Purchase asset account from the accounts list. (When it is recorded, the payment will debit this account.) [To receive a payment (Receive Payments window)]

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