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Former Member

Loan to Employees

Posted on Dec 04, 2014 at 10:43 AM 10 Views

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

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3 Answers

  • author's profile photo Rafaee Mustafa
    Rafaee Mustafa
    Posted on Dec 04, 2014 at 11:12 AM
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    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.

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    • Rafaee Mustafa Former Member
      Dec 05, 2014 at 05:20 AM

      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.

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  • author's profile photo Balaji Sampath
    Balaji Sampath
    Posted on Dec 04, 2014 at 12:42 PM
    0

    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

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  • author's profile photo AndakondaRamudu A
    AndakondaRamudu A
    Posted on Dec 05, 2014 at 05:27 AM
    0

    Hi

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

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