[16.8.41] Added ability to create custom subsidiary ledgers

No, not available yet.

You could setup a liability account called “Employee Loan Repayments” where you post the deductions from the payslip

Then you would have to do a journal entry transaction debiting the Employee Loan repayments and crediting the employee loan account, which could be setup using Special accounts

We are aware of this process, it not easy at all if you are dealing with a lot of workers. The ability to post deductions on the payslip straight into the special accounts of employees would be so easy. No second round posting required. Saves time.