V3: How to Add an Employee Loan in Loan Management
Employee Loan Enrollment
Ruzzell
Last Update 2 bulan yang lalu
To enroll the employee:
1. Click The Payroll module
2. Click Employee Loans Management
3. Choose the loan type/category
* Select the company
* Click the specific loan folder you want (e.g., Company Loan, SSS Loan)
4. Click Add button
5. Fill out the loan form
* Select Employee
* Date Effective - Set this to start of the cutoff.
* Date Granted - Date the loan was approved/granted.
* Loan Amount - Total amount of employee loan.
* Amortization - Payment amount per pay period.
* Principal Amount - The actual loan amount.
* Reference No. - Optional identifier or loan contract number.
* Pay Type Option - when the loan deduction will occur(1st, 2nd Cutoff and Per Payday)
6. Save the Loan
