v 14.0 Third Party 2770
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Required Apps Employees (hr)
Invoicing (account)
Time Off (hr_holidays)
Included Dependencies
Lines of code 2975
Technical Name ohrms_loan
LicenseAGPL-3
Websitehttps://www.openhrms.com
Also available in version v 12.0 v 11.0 v 10.0 v 13.0
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Required Apps Employees (hr)
Invoicing (account)
Time Off (hr_holidays)
Included Dependencies
Lines of code 2975
Technical Name ohrms_loan
LicenseAGPL-3
Websitehttps://www.openhrms.com
Also available in version v 12.0 v 11.0 v 10.0 v 13.0

OpenHRMS Loan Management

Manage Loan Request of Employees

Overview


Open HRMS Loan is a component of Open HRMS suit. Open HRMS Loan module helps the user to configure different loan policies, assign approval authority, conduct the verification process and sanction loan for employees.

Key Features


Employee can create loan request

Double layer approval, from Accounting & HR Department.

Loan amount is deducted from the salary.

Current month installment is automatically listed in payslip.

Screenshots


01

Enabling option

Enable the option "Loan Approval From Accounting Department" In accounting settings

02

Adding deduction rule

Add the deduction rule for loan in Salary Structure.

03

Creating request

Employee can create loan request

04

Making decisions

Once the HR department has given the Approval, the accounts department take the decision.

05

Listing pending installments

When we create the payslip, all the pending installments of the month will be listed there.

06

Checking loan requests changes deducted installments to paid

When we check the Loan request again, the deducted installments will be changed to paid.

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