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| How to set up an employee loan http://forum.payback.ie/viewtopic.php?f=3&t=85 |
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| Author: | eamon [ ] |
| Post subject: | How to set up an employee loan |
If you wish to deduct an amount from an employee each pay period in order to pay off a loan, it can be set up as follows; 1) Click 'Employee' on the left 2) Select the required employee from the grid 3) Click the 'Deductions' tab 4) Select the next blank row in the Deductions grid 5) Select 'Loan' form the dropdown 6) Enter the repayment amount under 'EE Amount' 7) Enter the loan balance under 'EE Balance' The loan and the balance will then appear on the payslip on the Payroll screen from this point forward. When the loan is paid, then you can remove the deduction by deleting the row from the 'Deductions' grid. |
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