I m getting a error while payroll processing for an employee having a loan.
The error is as follows:
Loan (CLAN, 01) ends on 28.02.2010, although the loan was not completely
repaid in period 11.
Extend the validity period for this loan, or increase the repayment
or special repayment in the period.
The Problem with this employee is he as completely paid the loan in the month feb 2010. Actually we have implemented SAP HR from April 2009 and the employee has taken the loan since nov 2008, but in infotype 45 the payroll guy has entered the folowing details:
Infotype 45 Basic Data Tab
Approval date 01.04.2009
Loan amount granted 60,000.00 INR
Loan Amount Paid 60,000.00 INR
Loan Balance 13,100.00 INR on 28.02.2010
End of loan 30.06.2010
Infotype 45 Condition
Loan conditions Company Loan
Indiv. interest rate % Indiv. Ref. Interest
Effective interest rte 0.0000 %
Repayment start 01.04.2009
Rpymnt instl. 4000.00 INR
Due to the above details the loan is still coming in its payslip while processing the payroll.
What can we do for this so that the loan should not come in processing and the payslip and also in the FI side also.
And the Loan balance should be zero.