To help you manage salary advances and ensure accurate repayment at month-end, follow the steps below to process the advance and set up the loan deduction in the system.
Advance Salary Process:
In the 2nd half payroll, open Advance, select add/modify, and Advance to individual.
Input the amount in the Advance column.
Print a listing of the advance payment for the month in the 2nd half payroll, open Advance, Listing, and select advance listing.
Click OK to proceed to print a list.
Make your payment of advance salary to employees from the 2nd half payroll, open Advance and select Thru bank via Diskette, and generate the file format instruction to the bank to pay advance salary to the employee.
Normal Salary Process at the end of the month
Update your 2nd half normal pay salary details and process pay.
Advance Deduction will be processed automatically to offset the ADVANCE amount given in advance for normal salary.
Calculations for all Statutory payments will be as usual on 2nd half process.