[Blog] Enhancements in payroll and Employee Loan Management

[Chandra]

Bumping up an old thread. Is the feature supposed to credit the principal deducted from salary each pay period to the employee loan account?

Employee loan - shouldn't Principal deducted be automatically credited to Employee Loan Ac

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 …