Sage 50 Canada

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Shareholder Payroll

Posted By Lacey over 3 years ago

I am trying to pay into Shareholder loans using payroll. I've cut a paycheque to a shareholder to include all taxes paid, but instead of actually cashing the paycheque, I want to move it right into shareholder loans. How do I do this? Thru General Journal?

0 Mich over 3 years ago

Add a deduction and link it to Shareholder Loan account. In payroll enter the net amount of cheque in the deduction box. Cheque amount will now be $0 and post.
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0 Richard S. Ridings over 3 years ago

I usually set up the shareholder account as a Bank account so I can use it to pay anything when a bank account can be used, including the Purchases and Payments module.
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Sage 50 Canada

Shareholder Payroll

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