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 payments for loans from your employees to your bank account.
You can create a Bank Receipt (Employee Loan Payment) document based on a document of the Loan to Employee type.
A Bank Receipt (Employee Loan Payment) can be used as basis for the following documents:
- Money Transfer: In case you want to transfer the received funds to another bank account or cash account.
- Event: If you need to schedule an event regarding this document.
See also