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# Open HRMS Loan Accounting

Easily Create, Manage, and Track Employee Resignations.

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## Key Highlights

##### Loan Request.

Employee can create loan request

##### Loan Approval

Double approval from both HR & Accounting department.

##### Loan Deduction

Amount will automatically deducted from the payslip of the corresponding month.

Open HRMS Loan Accounting

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# Loan Approval from Accounting

Go to Invoice -> Configuration -> Settings -> Under Loan Approval section enable checkbox Approval from Accounting Department

# Adding Deduction Rule

Adding salary deduction rule on the salary structure.

# Loan Request

Go to Employee -> Loan & Advances -> Click on the Request for Loan menu so, employee can create loan request .

# Create loan request

Created a sample loan request for the current login employee

# Loan Request Approval.

After creating loan request sent it for approval after approval employee get the loan.

# Loan Installment on Payslip

Go to ->Payroll -> Create new payroll for the employee and click compute sheet we can see the deduction amount for the current month has been added to the payslip deduction part .

Employee can create loan request

Double approval from both HR & Accounting department.

Amount will automatically deducted from the payslip of the corresponding month.

How can an employee submit a loan request?

Employees can submit a loan request by navigating to the "Loan & Advances"
menu from Employee module.

Who will approve the request for the loan?

HR & Accounting department need to approve the request for loan.

#### Latest Release 19.0.1.0.0

20th September, 2025
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- Initial Commit

### Related Modules

Open HRMS Core

Open HRMS Employee History

Open HRMS Biometric Device Integration

Open HRMS Loan Accounting

Open HRMS Employee Appraisal

Open HRMS Overtime

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