This tab is available only if the Enable Loans to Employees option is selected on the Administration > Settings > HR And Payroll form.
The tab provides information only on those loans borrowed by the employee that have non-zero interest and are paid monthly. Lump-sum loans appear on the tab in the period of their repayment date if they were registered with non-zero interest – the interest amount will be calculated here.
The interest amount to be paid for the current month of work (pay period) is calculated when you click Calculate on the toolbar. The amount appears as a deduction on the Accruals and Deductions tab.
The "Payroll Calculation (create)" form. The Loans tab
If needed, you can add a loan information manually. For this, click Add, select the employee, view the loan details and edit if needed.
The Employee / Loan Document column shows the employee and actual loan documents registered for the employee.
The Percentage Payment Amount column shows for each loan the amount of interest for the current month which is calculated as follows: Loan_Amount *P(%)/(100*12).
The Income Item column shows the income items specified for each of the loans with interest.
The Business Activity column presents the business activities to which the employees are related or with which loans are associated.