I think this is a great new feature. Can this doctype be used to manage other types of loans that a company has with non-employees like a bank or other third party?
2 Likes
wale
January 24, 2017, 4:13pm
3
Hi @KanchanChauhan
You’ve really made such a significant impact on the ERPNext HR Module in such a short time! Thank you for your excellent work. It’s very much appreciated
Kind regards,
1 Like
As of now, it can just be used for Employee Loan Management but may be in future we can work on making it more generic.
1 Like
This would be a great addition to the accounts module as well. Many (if not most) businesses have loans to manage.
Opened this issue for tracking purposes
opened 04:08PM - 25 Jan 17 UTC
closed 03:45PM - 17 Nov 21 UTC
accounts
New employee loans feature will be available soon. As part of this discussion
…
https://discuss.erpnext.com/t/blog-enhancements-in-payroll-and-employee-loan-management/19381
wanted to see if this feature could be extended into the accounts module to support any kind of loan that a company would have. Ideally the feature would auto-enter the P&I into the GL month of month and prompt for a payment entry to track the actual payment for the given period.
2 Likes
hi kanchan
when will this features be released? I think now just on beta
Yes right now it is just in beta. It will come out v8 which will be released somewhere end of February.
1 Like
Bumping up an old thread. Is the feature supposed to credit the principal deducted from salary each pay period to the employee loan account?
I have created an employee loan at 0% interest with salary deduction option (fixed amount per period) and disbursed it.
When I run the payroll entry/salary slip, the deduction for principal shows correctly. When I make a bank entry the reduced pay amount shows in the bank entry, which is correct.
However, I don’t see the deducted principal amount posted to the employee loan account as a credit. Hence I still see the originally disbursed loan amount.
Is this incorrect behavior or am I missing …
Chandra
January 13, 2018, 10:14pm
9
Should I raise this as a bug?
Chandra
February 12, 2018, 6:51pm
10
One more bump up for attention