Pay Loan
Pay Loan refers to the process of repaying an approved loan through scheduled installments.
From here, you can view the details of the pay loan list, including:
Date: The date when the loan was applied.
User: The name of the employee who took the loan.
Department: The department of the employee.
Type: The type of loan taken.
Amount: The total loan amount.
Monthly Installment: The installment amount to be paid each month.
Due: The remaining loan balance.
Is Paid to Employee: The status of the loan, whether it is pending or paid.
Action: Perform various actions related to loan repayment.
Search: You can find any specific pay loan from the list by using the search functionality.
Export Data: You can export the data table from here.
By clicking the select button, if your is paid to employee status is Pending, you can perform the following actions:
View: You can view the details of the loan request. To approve the loan request, click on the View button.
Approve: After clicking View, a modal will appear. Scroll down in the modal and select Approved from the dropdown to approve the loan.
Pay To Employee: If an employee repays a loan amount, you can record the payment from here. To note any installment, just follow the steps below:
Staff Name: Select the employee making the payment.
Title: Enter the loan title.
Type: Choose the loan type.
Payment Amount: Enter the amount being paid.
Change Payment Mode: Select the payment method.
Select Payment From Account: Choose the account from which the payment is made.
Note: Add any relevant notes regarding the payment.
Pay Now: Click to process and record the payment.
By clicking the select button, if your is paid to employee status is approved, you can perform the following actions:
View: You can view the details of the loan.
Journal Transaction: You can view or manage the journal transactions related to the loan.
Audit History: You can view the audit history of the loan, including changes and updates made over time.
