Hi,
Has anyone been able to handle employee loans in payroll. My thinking is to define a concept but there's no provision for principal amount, period for deduction , balance, interest. Am thinking of adding these extra columns to hr_attribute and also adding another column isLoan in hr_concept, to hide/show these fields.
Xolali
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Hello,
Thanks soo much, google translator did the trick but it doesn't really answer fully the question of loans. It's the same idea I wrote about, the issue here with loans is that we need to keep a balance based on the principal and loan deductions so far. We must also track valid payment period as per ILO rules which does not allow you to deduct more than a certain percentage of basic salary every month. I know these can be implemented in the rules engine but I guess we still need some additional columns in hr_concept and hr_attributes to make things cleaner.
Any ideas???
Xolali
If you would like to refer to this comment somewhere else in this project, copy and paste the following link:
Hi,
Has anyone been able to handle employee loans in payroll. My thinking is to define a concept but there's no provision for principal amount, period for deduction , balance, interest. Am thinking of adding these extra columns to hr_attribute and also adding another column isLoan in hr_concept, to hide/show these fields.
Xolali
Hey Xolali,
Here is a thread that answers your question: https://sourceforge.net/projects/adempiere/forums/forum/623063/topic/5658652
It is in spanish so google translate is your good friend or those same people who speak spanish will post here in english.
Regards,
Hello,
Thanks soo much, google translator did the trick but it doesn't really answer fully the question of loans. It's the same idea I wrote about, the issue here with loans is that we need to keep a balance based on the principal and loan deductions so far. We must also track valid payment period as per ILO rules which does not allow you to deduct more than a certain percentage of basic salary every month. I know these can be implemented in the rules engine but I guess we still need some additional columns in hr_concept and hr_attributes to make things cleaner.
Any ideas???
Xolali