Enter payment when an employee pays off a loan
Description
Cause
Resolution

Adjust the YTD Deduction amount for the loan repayment.

  1. Turn on the Audit Setup Activity option.
  2. Go to Payroll, Setup, Employees.
  3. Select the employee and click Deducts.
  4. Locate the line with the loan deduction.
  5. Add the amount of the employee's payment to the YTD Ded amount.
  6. Click Accept line, Accept table, Save and Close.
  7. Turn off the Audit Setup Activity option.
  8. Enter the deposit in Cash Management and select the loan liability account for the Credit account. 

 

 

 

[BCB:156:Chat 300 CRE US:ECB]
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