Loan Settlement by Cash

[Former Member]

Hi

Can anyone suggest me on how do we do Loan Settlement by Cash via Payroll?

Business Process: An employee wants to close the outstanding amount against him on Salary Advance or Housing Loan by paying cash to the company.

In SAP, we are paying the Loan/Advance by off-cycle.

Can someone suggest a logic or solution?

Thanks

Yash

[Former Member · Accepted solution]

Hi

In IT 0045 --payments payment type as SEPECIAL Repayment external remaining balance will taken

Thanks

Swati

[Former Member]

HI

yes it is possible to do.

dothe following steps. first of all you need to check his balance loan amount and monthly instalment deducting these you can find in IT0045 Basic data. then you need to go on Payment select the date on which date on which loan was cleard or last month date and payment type has to take as Loan remission then mention the amount as balance + current instalment. then save and run the simulation. here you will not find the loan recovery wage type. thus you can resolve this issue if employee has done mannual payment.

this is the only solution. pls go through step by step ..

if you have any doubts you can revert.

Regards

Suresh

[Former Member]

What swati said is correct for that we need to do config. and create a wagetype and post that wage type FI.

All we need to do.

Regards

[Former Member]

Hi

Why don't we use the step like this

IMG - Payroll India -- Beneficial Loans -- Master Data -- Maintain loan types - 0130(subtype) Recurring Advance ___ select conditions.

This is as per my knowledge..

Please suggest me if i am wrong.

Vijay.