Advances/Loans

Step 1:

Go to Payroll→ Advances/Loans.

Step 2:

By Clicking on Advances/Loans, a Advances/Loans page will appear on the screen with a button New Advance/Loan and also you can able to see the Advances/Loans details of all the employees if any created.

Step 3:

Click on the New Advance/Loan button to add an Advance/Loan for an employee.

Step 4:

Upon clicking on the button, a popup will appear on the screen to capture the details of the Advance/Loan like Employee Name, Amount, Paid Date, Schedule Period, Transaction No. and Payroll Deduction Amount etc.

{primary} You can configure the amount to be deducted from the payroll for the Advance/Loan by specifying the amount for the Payroll Deduction Amount field. Or you can manually add the deduction amount.

Step 5:

Enter the details in the Advances/Loans popup and click on the Save button to save the details.

Step 6:

After clicking on the Save button, you will be prompted with a confirmation message and will be directed to the Advances/Loans page where you can view the details of the added Advance/Loan in the table.

Step 7:

You can view the complete details of the Advance/Loan by clicking on the Employee Name in the list.

Step 8:

You can manually add the deductions by clicking on the Add deduction button either in Advances/Loans tab or in Deductions tab.

Step 9:

On clicking the Add Deduction button, a popup will appear on the screen to capture the details of the deduction like Deduction Date, Amount, Notes etc.

Step 10:

Enter the details in the deduction popup and click on the Save button to save the details.

Step 11:

After clicking on the Save button, you will be prompted with a confirmation message that the deduction is successfully added and will be directed to the Advances/Loans details page.