Loan Settlements

Officials in the Human Resources or Finance Department may sometimes encounter situations that require an advance settlement (financial settlement) for the advance registered by the employee, even though installments of this advance have been paid in past months through the payroll process.

These include (for example, the company exempting the employee from the remaining amount of the advance), or in the event that the employee pays all/part of the amount of this advance outside the payroll...etc.

In order to do this please follow the following instructions:

Go to Employees then view employees
Select the desired employee
Click on the Salary & Financial tab
Go to the list of employee loans
Click on the Edit button for the loan you want to settle
Go to the loan settlements tab
Click on the Add New Settlement button

Fill in the settlement information (settlement application date, settlement amount, description)
When finished, click the Save button

📌 The date of applying the settlement must be between the date of the start of the deduction and the date of the full refund

note:

If the full remaining amount of the advance is added or paid as a settlement, you can notice that the status of the advance has changed to closed and the remaining amount is zero.