Open HRMS Loan Accounting
by Cybrosys Techno Solutions https://www.openhrms.com , Open HRMS https://www.openhrms.com| Required Apps |
•
Employees (hr)
• Invoicing (account) • Leaves (hr_holidays) |
| Included Dependencies | Show |
| Lines of code | 624 |
| Technical Name |
ohrms_loan_accounting |
| License | AGPL-3 |
| Website | https://www.openhrms.com |
| Also available in version | v 11.0 v 10.0 v 14.0 v 13.0 v 15.0 |
Open HRMS Loan Accounting
Manage Loan request of employees
Cybrosys Technologies
Overview
Open HRMS Loan is a component of Open HRMS suit. Open HRMS Loan module helps the user to configure different loan policies, assign approval authority, conduct the verification process and sanction loan for employees.
Configuration
No additional configuration required.
Features
Employee can create loan request.
Loan amount is deducted from the salary.
Double layer approval, from Accounting & HR Department.
Current month installment is automatically listed in payslip.
Loan amount is deducted from the salary.
Double layer approval, from Accounting & HR Department.
Current month installment is automatically listed in payslip.
Screenshots
Enable the option "Loan Approval From Accounting Department" In accounting settings
Add the deduction rule for loan in Salary Structure.
Employee can create loan request
Once the HR department has given the Approval, the accounts department take the decision.
When we create the payslip, all the pending installments of the month will be listed there.
When we check the Loan request again,
the deducted installments will be changed to paid.
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Wrong journal entry
Hello, I try this module but it i found that it generate wrong journal entry. You can find below issues: 1. If you approve loan request: module make journal entry as Dr/ Treasury Account and Cr/ Loan Account but it should be Dr/ Loan Account and Cr/ Treasury Account. If you make payslip and approve it, system generate journal entry as follow: Dr/ Loan Account and Cr/ Treasury Account but it should be Dr/ Treasury Account and Cr/ Loan Account
re. Customization Inquiry
Further to my inquiry, it is multiple loans per Employee. Will there be customization cost? How much?
Customization Inquiry
Hi, Can this be customized to accept multiple loans and not just one? Thanks