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?
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,
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.
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.
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.
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