loans

[Former Member]

HI All

i have aquestion related to loans in our comapny maybe employee request for loans in any date i know how i make that from IT0045 but my question is he didnt take the loan from finance until HR approved for examplee he request 500$ as loans in 20/01/2009 and he has to take the amount in the same date but i ran the payroll already for all employee in janury how can i post 500$ in finance to make the finance give him 500$

[Former Member · Accepted solution]

Hi, There two ways of release loan(I'm disbursement) in SAP 1. Through ESS->HR->Payroll-> Finance 2. Through HR->Payroll (IT45/78)-> RT a. Transfer along with net salary or process it throgh offcycle. Pay through Bank transfer with net pay b. From RT, map the wagetype to HR Payee for 3PR posting . In AP each employee should be created as vendor and amount with be transfer through FI-AP to the employee. There is no direct way that finance can release the money through SAP FI and IT45. Please pprd feedbk on the post and let me know if you need more help. <br><br> Thanks, Amosha

Known is a drop & unknown is an ocean!

[Former Member · Accepted solution]

ok but i have to post 500$ to finance from hr side because with out post to finance the employee doesnt take 500$ then after i post he will get the amount cash and from the next month deduct the installement so this will be done from offcycle?

Edited by: Raul gonzalez maror on Jun 13, 2009 6:42 PM

[Former Member · Accepted solution]

Hi, You mean without posting to FI employee "cannot take" $500..right? If you are entering the amount through IT45, under payment tab in "Loan Payment(Payroll)" means , a standard WT called - /LOP will be appearing in RT. /LOP: If an employee receives a loan from his/her employer, this amount is stored in the /LOP (Loan payment - payroll) wage type if the payment is made at the same time as the payroll run. The employee is paid this amount by means of the /559 wage type (Bank transfer). Or you can create a new WT and tranfer the amount in PCR XLOZ in XLON Subschema . The XLOZ document is good enough to make you understand. Post this WT to HR Payee account where it by employee vendor account. For this you have to work with FI-AP team to understand and create the required FI config to help and capture the amount in employee vendor and pay the employee through AP.Request u to provide fdbkc.Explore a little and then we can continue based on your feedback and understanding.<br><br> Thanks, Amosha

Known is a drop & unknown is an ocean!

[Former Member · Accepted solution]

Hi, Yes I forgot to tell you it has to be done through offcycle to have a clear control. Please create process model for control the offcycle for loans.<br><br> Thanks, Amosha

Known is a drop & unknown is an ocean!

[Former Member]

Thanks

[sikindar_a]

does the approval shd come from HR or Finance pls let us know

[Former Member]

hr