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Using the Transaction Type field, you can select the type of transaction which you want to perform from the following options:
- Loan Repayment from Benefit Provision: To pay for the loan using the benefit accrued amount, entirely or partially.
- Reset of Benefit ProvisionProvisions: To record the benefit accrued amount as the entity's other income .
- Loan Repayment from Accumulated Vacation Pay: To pay for the loan using the accumulated vacation pay amount, entirely or partially. This option is available if the Enable Loans to Employees option is selected on the Administration > Settings > HR and Payroll form.
- Reset of Accumulated Vacation Pay: To record the amount accrued for vacation as the entity's other income .
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