This transaction type is available if the Enable Loans to Employees option is selected on the Administration > Settings > HR and Payroll form.
You can create a Cheque Issued (Loan to Employee) document when you need to register the funds lent to your company's employee.
The document can be based on the following documents: Loan to Employee, Cheque Issued, Money Payment (Plan).
A Cheque Issued (Loan to Employee) can be used as a basis for the following documents:
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- Bank Payment: To record updating of the bank account balance on clearing the cheque.
- Cheque Cancellation: To cancel a voided cheque.