Create Postings for Loan Repayment

Explanation

This activity is used to create pre-postings for repayment of a loan paid out to, and taken, by an employee.

Prerequisites

In order to perform this activity, at least one loan installment is required to be in the Paid state.

System Effects

There are no system effects.

Window

Employee Loan
Loans and Contributions

Related Window Descriptions

Employee Loan
Loans and Contributions

Procedure

1. Open the Loans and Contributions window and find an employee for whom you want to create postings for the loan repayment.
2. Go to the Loans tab, right-click the loan, and click Loan Details.
3. In the Employee Loan window, right-click an installment record in the Paid state and click Create Postings.
4. Verify the posting generation date and click OK.
5. Select the record and right-click and click the View Postings option in order to view correctness of created postings.