Add advance details of an employee:

1. Go to Salary > Advance
2. Locate an employee
3. Go to the tab 'Advance'
4. Add advance details

[tr]
[td]Interest Amount[/td]
[td] Calculate the interest using interest calculator[/td]
[/tr]
[tr]

[td]Recovery Mode [/td]
[td] Whether recovery mode is Lumpsum or installments[/td]
[/tr]
[tr]

[td]Lumpsum[/td]
[td] The total amount paid, including interest[/td]
[/tr]
[tr]

[td]No of Installments[/td]
[td] Specify the number of installments[/td]
[/tr]
[tr]

[td]Recovery Cycle[/td]
[td] Recovery period like monthly, yearly etc.[/td]
[/tr]
[tr]

[td]Recover From[/td]
[td] Specify the date on which the recovery should start[/td]
[/tr]
[tr]

[td]Remarks[/td]
[td] Remarks, if any[/td]
[/tr]
[tr]

[td]Recover from Salary[/td]
[td] Whether the amount recover from salary or not?[/td]
[/tr]

Calculate the interest for an employee:

1. Go to Salary > Advance
2. Locate an employee
3. Go to the tab 'Advance'
4. Click on salary advance

View the installment details of an employee:
1. Go to Salary > Advance
2. Locate an employee
3. Go to the tab 'Installments'

Update the recovery details of an employee:
1. Go to Salary > Advance
2. Locate an employee
3. Go to the tab 'Recovery'
4. Update the recovery details