Loans
Loans
In the Credits panel of the Administration Panel | Settings | Program Parameters | Personnel | Payroll you can enter credit types, and determine which of the will appear in the Employee files | Position/Salary | Credits panel, where you can enter credits to employees.
| Credit Type |
In the Credit Type table select from the drop-down list the type of credit you would like to define.
In the drop-down list you can select among followings:
- Alimony
- Tax Enforcement
- Credit
- Other Enforcement
- Other
According to the selected credit type the program will in the payroll calculate deductions according to the order of enforcement:
The program will first deduct alimonies. The program will follow with deduction of tax enforcements of the tax administration (VAT debt). Next will follow payroll withholdings and civil enforcements. Those are deducted in the order of their arrival to the employer or payer of the employees' salary. If the first Credit Type field is blank, the program will not perform the check of the deduction amount.
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| Credit Type |
In the Credit Type section you can enter credits that will be available in the Employee files | Position/Salary | Credits panel (Type field). |
| Show Credits |
In the Show Credits section you can select in two pairs of options:
In the first pair you can select between followings:
- All Credits - In the Credits panel of the Employee files will appear all credit;
- Active credits - In the Credits panel of the Employee files will only active credits.
In the second pair you can select between followings:
- Paid Off and Remaining - v In the Credits panel of the Employee files will appear paid off credits as well as remaining (no yet paid off);
- Remaining - In the Credits panel of the Employee files will appear remaining (no yet paid off) credits.
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Posting of Credits:
| Debit Account |
In the Debit Account field you can select from the lookup list an account that the program will use for a debit posting of credits of employees. |
| Credit Account |
In the Credit Account field you can select from the lookup list an account that the program will use for a credit posting of credits of employees. |
| Fill in Reference if Bank |
Fill in reference number on payment order for loans we can set through checkers in case we have in a field Reference in a panel Loans empty. Working of the selected checker is the following:
- Leave Blank: on payment order the reference is not filled,
- Fill In From Credit No.: on payment order the reference is filled from the credit number from the field Number from Loans panel.
Fill In Creditor’s Reference: on payment order the reference if filled from the field Creditor (data from Subjects from this creditor from the panel Bank Accounts | Reference) from the panel Loans. |
| Deduction May Not Exceed Net Salary |
If you select the Deduction May Not Exceed Net Salary option, the program will not only report irregularities between the amount of the deduction and available amount, but will calculate the deduction of the allowed amount.
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| Show Salary Phase M |
If you select the Show Salary Phase M option, the program will display the M phase in the Document Types settings (Payroll panel). The M phase will be an option that you can be selected in earnings types.
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| Pay Enforcement In Instalments |
The selected checker allows us to pay the loans in more instalments in the current period. Example: In the same period, we can do deductions in regular payroll calculation and with calculation of annual leave bonus. |
| Show Outstanding Credit Amount |
In case the checker is selected, than on the pay slip reports shows value of unpaid loan instalments. When the checker is not selected, than on the pay slip reports shows number of unpaid loan instalments. |
| Exch. Rate Of Salary Payout Day |
If the checker is selected than in the payroll preparation with credit recalculation will consider exchange rate on the date of salary payment instead of salary calculation. |