| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Employees (hr) • Discuss (mail) • Employee Contracts (hr_contract) |
| Community Apps Dependencies | Show |
| Lines of code | 5134 |
| Technical Name |
xf_payroll_loan_account |
| License | OPL-1 |
| Website | https://xfanis.dev/odoo.html |
| Versions | 16.0 15.0 |
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Employees (hr) • Discuss (mail) • Employee Contracts (hr_contract) |
| Community Apps Dependencies | Show |
| Lines of code | 5134 |
| Technical Name |
xf_payroll_loan_account |
| License | OPL-1 |
| Website | https://xfanis.dev/odoo.html |
| Versions | 16.0 15.0 |
Payroll Loan Deductions (Accounting)
This submodule integrates the Loan Management (Accounting) and Employee Payroll System (Accounting) (Community) by XFanis modules to automatically deduct employee loans during the payroll processing, ensuring timely loan repayments as part of the salary disbursement process.
To understand the functioning of the Loan Management and Payroll modules, please refer to the associated links.
- Loan Management & Accounting for Loans
- Employee Payroll System (Community) by XFanis & Accounting for Payroll
The module descriptions provide detailed information on how these modules work and how they can be configured. In this section, we will not duplicate the same information but will focus on highlighting specific changes introduced by this submodule.
As usual, accounting settings for loans can be configured using the salary component form in the payroll module.
Additionally, you have the option to configure accounts
associated with employee loans in the contract form.
This feature is particularly useful when you need to credit or debit
different accounts for individual employees,
providing flexibility in accounting for employee loans.
After configuring the employee contract form,
you can refer to the configured field so that the system
automatically selects the set accounts when generating the payslip entry.
This streamlines the process and ensures that the correct
accounts are automatically applied based on the contract configuration.
For example, we have the approved loan request for Anita Oliver. The planned payment date is September 20.
During the payroll processing, the system will automatically search for unpaid loan installments and include them as deductions in the payslip form.
Additionally, if there is an interest payment associated with the loan, the system will add it as a separate deduction.
After posting the payslip journal entry, it will include items associated with loan installments and interest.
The payroll journal entry will debit the Cash account and credit the Interest Receivable and Loan to Employee accounts for the appropriate amounts.
This ensures accurate accounting for loan deductions and interest payments within the payroll process.
This streamlined process ensures that loan repayments, including interest, are seamlessly integrated into the employee's payslip.
Email: xfanis.dev@gmail.com
Telegram: https://t.me/xfanis
Twitter: https://twitter.com/XFanis_Dev
Odoo Proprietary License v1.0 This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file). You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one). It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software. The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
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