This guide will assist you in creating loan for employees.

Objective: To create a monthly loan deduction for employees so that it is automated and will deduct in the employee's payroll process on a monthly basis.

To create a loan for an employee, click on Human Resource > Loan.

At the top right corner, click on Add New to add a new loan.

An Add Loan menu will appear prompting you to key in the necessary details for the loan such as Selecting the Employee, Loan Amount, Description, Interest Amount and Repayment Months. You are also able to select the start period and the end period should be auto calculated accordingly based on the Start Period + Repayment Months. After maintain all the necessary information, The Repayment Amount, Repayment Interest, Last Repayment, & Last Interest will be auto calculated. 

Once the necessary information are maintained, click on the Save button to save the details.

Once the loan has been created, you are able to view the loan details by clicking on the + icon next to the employee name to break down and view the loan details.