loan approval

[Former Member]

Dear Gurus

I have a question related to loans.

when an employee requests for a loan on any date, the hr dept gives approval to the finance department there should be an entry in the "payable" gl accounts as Loans Payable. After the finance dept gives the loan amount to the employee there should be an entry in the paid gl accounts as Loans Paid. how to map this in sap.

Regards

Shansar

[Former Member]

There is no entry from HR for this ...

this has to be directly made entry in FI module...

when fi approves, they can pass JV as

Empl. (vendor) A/C Dr.

to Loan Payable A/C

when loan paid...

Laon payable A/C Dr

to Cash A/C

now... cash is held in Vendor Account of Employee...

Thus, when there is deduction from HR Module ...

the same will hit respecitve Vendor Accounts as Loan Repaid....thus making Cash balance as Zero.

Regards

...Sadhu