Payroll

Payroll

Loan

Loan can be given in advance for an employee by specifying their employee id and employee name. Loan details contain loan type, loan amount, number of installment and installment amount.

Create loan
  • Go to Payroll --> Loan ---> Create loan
  • In this employee code, application date, loan type, repayment type, loan amount, no of installment is present as a mandatory field.
  • Here loan type is to be manual or in advance, if it is in advance loan amount as a whole cash in the installment amount.
  • Whether a loan type- loan amount, number of installments, installment amount to present in it.
  • If repayment type is auto it automatically changes its status or it is in manual user only need to change for its status type.
    create-loan
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