Skip to Content
author's profile photo Former Member
Former Member

Loan to Employees

Hi

Company has Loan type facility to employees . Suppose Company has given Emp A Rs. 50000 . Limit is also decided for monthly deduction say Rs.2500 per month . Do we need to create customise functionality for this or some existing form can be used. No functional transaction is to be created.

Thanks

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

3 Answers

  • Posted on Dec 04, 2014 at 11:12 AM

    Dear Sunny,

    You can use HR Master form to keep these info. Create UDF for current loan and monthly deduction.

    and handle the things accordingly

    If you want post automatically this will can only do with your payroll addon.

    Add a comment
    10|10000 characters needed characters exceeded

    • Hi,

      There are multiple ways.

      If you are creating JE for the Loan transaction (Populate Employees in below field through FMS)

      - You can make a report based on UDF for that (CR, QPLD, Query Report)

      - you can use one of the Ref. field and use general ledger report with expanded parameters

      If you use Cost centers.

      - You have system cost center reports.

  • Posted on Dec 04, 2014 at 12:42 PM

    Hi

    You can track the functionality via Cost Centres. Create the Employees as cost centre and link the employees in Loan related Transcations.

    Thanks

    With Regards

    Balaji Sampath

    Add a comment
    10|10000 characters needed characters exceeded

  • Posted on Dec 05, 2014 at 05:27 AM

    Hi

    if you are using Payroll Add on , You can go with Loan & Advance Processing Document...

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.