Book Loan Repayment

Explanation

This activity is used to book a repayment of a loan. The booking is important for accounting and finance reporting purposes.

In order to perform this activity, a loan is required to be registered to an employee and have its postings ready.

There are no system effects.

Open the Loans and Contributions window and find an employee for whom you want to book the loan repayment.
In the Loans tab, right-click the loan and click the Loan Details option.
Right-click a loan installment and click the Book Repayment/Cease option.