A COmpany Liability in the form of an Accounts Payable Bill is paid by an employee
The process of paying the Acocunts Payable bill as well as reimbrsement of the employee are demonstrated in this tutorial.
A liability account set up as Employee reimbursement is designated as a bank and used to pay down the Vendor liability, which at the same time accumulates an Employee Reimbursement.
The Employee is paid by check and recorded thorugh a journal entry
Video source: training:employee_reimburse_apbills_paid1001120904.flv
Created by Charlene Scott at 12/01/2010 9:04:35 AM