After fiddling with the Pay slip and digging through the forum i haven’t found a workaround for my problem. here i go!
‘JACK’ is an employee at 'ABC Company’
JACK’s monthly salary is $1000 (for simplicity sake let’s omit other deductions / contributions etc)
JACK has obtained a loan from ‘ABC Company’, a sum of $12,000 and he has obliged to settle the loan by deduction $100 every month from his salary.
My questions are:
How to assign the loan for JACK - a) add him as a customer? b) create a pay-slip?
as mentioned above JACK intends to payback in $100 per month to settle the loan, in the pay-slip when i assign the salary and reduce $100 under deductions as ‘Loan’ - the employee section shows JACK has repaid $900 from his $12,000 loan “under PAID IN ADVANCE column” - which is not accurate at all
The accurate balance should be $11,900 “under PAID IN ADVANCE column”
what is the work around for the above?