Payroll & HR: Advances and Loan Deductions

STEP 1

Before you start

Confirm the signed advance/loan agreement, amount and authorized repayment schedule.

STEP 2

Open the employee advance, loan or deduction schedule function if available.

STEP 3

Record the opening balance, installments and effective payroll periods.

STEP 4

Approve changes and ensure a repayment is not deducted more than once.

STEP 5

Reconcile the remaining balance and payslip deduction entries.