This transaction type is available if the Enable Loans to Employees option is selected on the Administration > Settings > HR and Payroll form.
Documents with the Employee Loan Payment transaction type are created when you need to register in the system any loan repayment installments from your employees to your bank account.
You can create a Cash Receipt (Employee Loan Payment) document based on a document of the Loan to Employee type.
A Cash Receipt (Employee Loan Payment) can be used as a basis for the following documents:
- Money Transfer: To transfer the received cash to another cash account or a bank account.