Book Loan Payment

Explanation

This activity is used to book a payment of a loan registered to an employee. Booking a payment is essentially equal to booking all transaction details.

Prerequisites

In order to perform this activity, a loan has to be registered to an employee, have its pre-postings ready, and be present in the system.

System Effects

• The loan payment is booked and transferred to the General Ledger
• The payment transaction cannot be modified

Window

Employee Loans and Contribution

Related Window Descriptions

Employee Loans and Contribution

Procedure

1. Open the Loans and Contributions window and find an employee for whom you want to book the loan payment.
2. Go to the Loans tab, right-click a loan, point to Loan Payment, and click Book Payment.
3. In the Book Payroll wizard window, verify the voucher date.
4. Select a user group in company finance to which the user belongs in the User Group field. You can use the list of values. The choice of group determines which types of vouchers are available for booking the transaction.
5. Select the type of voucher you want to create for the loan payment in the Voucher Type field. You can use the list of values.
6. Click OK.