| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Employees (hr)
• Invoicing (account) • Payroll (hr_payroll) • Discuss (mail) |
| Lines of code | 1334 |
| Technical Name |
advance_loan_kanak |
| License | OPL-1 |
| Website | https://www.kanakinfosystems.com |
| Versions | 15.0 16.0 17.0 18.0 19.0 |
Enterprise
Odoo.sh
Advance Loan
The Advance Loan Module lets employees apply for loans through payroll in a few easy steps. It helps track the full process from request to approval and disbursement, making loan management simple and clear.
Go to settings > users > Loan.
Set the employee role as Employee (Loan), and similarly assign roles for the Department Head, HR Manager, and Accountant. The image below shows the setup for the Department Head.
Then go to the Employee menu and assign the Manager (Department Head), Coach (HR Manager), and Accountant for the employee.
Navigate to Loan > Loan Menu > Click on Create.
Log in as an Employee and fill out the loan request form- either for a Student Loan or a Home Loan. Enter the principal amount and select the repayment duration for the loan.
Fill in the Principal Amount and durations and add the details of the documents applied for the loan.Then click to save and close button for document upload.
The loan request is then forwarded to the Department Head. The Accept button is hidden for the employee, and the status is updated to Approved. An email notification is also sent to the Department Head.
Only the employee who applied can view their loan request.
When the Department Head logs in, they can view the employee's loan request.
Now Department head can accept or reject the request.
Once the Department Head approves the request, it is forwarded to the HR Manager for further approval, and the status changes to Department Approved.
When the HR Manager logs in, they can view the loan request approved by the Department Head and also receive an email notification for the same.
The HR Manager can now approve or reject the loan request.
You can also track all activities and updates related to the loan status, as shown in the image below.
Once approved by HR, the request is forwarded to the Accountant for further processing.
Now Accounting department approved the request and approved installment request is created.
The total number of installments is displayed once the loan is registered.
Login with Employee > Go to loan> Loan menu > Loan installment.
When the Employee logs in for payment, they can see options to approve a payment or request to postpone a payment, as shown in the image below.
When the Employee approves the payment, the Pay button becomes visible.
Then complete the payment, and the status will change to Paid.
Now, the HR Manager can see that an installment line has been created in the salary structure, as shown in the image below.
A line for deduction is created for installment.
When the employee wants to postpone a payment, click on Postpone Payment EMI.
The Postpone Applied status is displayed in the list (tree view) for that installment.
Once approved by the Department Head, the request is forwarded to the HR Manager for further action.
Now, the HR Manager can approve the loan postponement request.
Approved by Hr and status changes to Hr Approve.
When the Employee logs in, they can see that the payment status is HR Approved.
If the employee wants to pay the full amount in one go, the Accountant can process and close the payment.
Go to Accounting > invoices > Open an invoice.
Track all records through email notifications sent to each role, including the Department Head, HR Manager, Accountant, and Employee.
Easy to download installment report.
Free 3 Months Support
Need help or any technical support ?
Kanak Infosystems LLP. will provide free 3 months support for bug fixes, any doubts or queries, installation, configuration support or any types of issues related to this module.
At our company, we take pride in providing exceptional help and technical support to our valued customers.
Our team of dedicated experts is well-versed in the intricacies of the Odoo platform.
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Important Notice
All applications are developed within the default, up-to-date Odoo environment, and as such, we cannot guarantee flawless compatibility with third-party apps. While we strive to ensure smooth integration, any conflicts or issues that arise due to third-party applications will require additional support services, which can be provided at an extra cost. Kindly contact our support team for more information or to arrange paid support.
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