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 instalment and instalment amount.
- 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.