HR, Payroll, Attendance Software › Forums › Lenvica HRMS › Ask a Question › Loan Amount Deduction

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    • Vinod
      Member
      July 22, 2009 at 03:47
      Post count: 22
      #19043

      HI

      In my company, we need to deduct certain amount from employees as loan repay. Should i add it as a deduction in salary group or does

      Lenvica HRMS provide a functionality for this. I want the deduction to stop wen the loan amount is repaid. How can i do this?

      Thanks

    • Biju
      Keymaster
      July 29, 2009 at 11:40
      Post count: 220
      #19802

      Hi,

      We are releasing Loan Management very soon. Will inform you when done.

      As a quick alternative, you can add a salary head for deduction.

      Thank you for your patience.

      Warm Regards,
      Biju.

    • larsjonas4
      Member
      August 14, 2009 at 10:26
      Post count: 8
      #19803

      Is this update ready?

    • natraj
      Member
      August 14, 2009 at 11:41
      Post count: 54
      #19804

      Hi,

      For now, you need to add a salary head of type 'Deduction' and you have to manually enter the fixed values in the formula or modified value in employee's salary card.

      But it can be automated and we are going to release it in the near future.

      We will inform you, after releasing this update…….

      Thanks
      Natraj

    • Biju
      Keymaster
      December 10, 2009 at 11:18
      Post count: 220
      #19805

      Hi Vinod,

      Loan, Advance Management is now available with Lenvica HRMS 2.4

      The latest update is available for download from http://updates.lenvica.in

      Warm Regards,
      Biju George

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