Managing Loans

Managing Loans

You want to track employee loans and manage their repayment through payroll deductions. This ensures clear financial records and smooth salary adjustments.

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Web (Admin Panel):

  1. Log in to your SalaryBox admin account

  2. Go to the Payroll tab

  3. Click on Run Payroll

  4. Select the employee's name from the list

  5. Scroll down to the Loans section

  6. Click on + Add Loan

  7. Fill in the loan details:

    • Loan Amount (e.g., ₹10,000)

    • Payment Date (the date when the loan is issued or recorded)

    • Notes (optional: purpose or reason for the loan)

  8. Choose one of the two options:

    • Add Loan – if you are giving a loan or advance to the employee

    • Deduct Loan – if you're starting to recover it via monthly deductions

  9. Click Save Loan

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Android App (Admin Use):

  1. Log in to the SalaryBox app

  2. On the homepage, tap on the employee’s name

  3. Go to the Salary section

  4. Scroll down and tap on Loan

  5. Tap on + Add Loan

  6. Fill in the required details:

    • Loan Amount

    • Payment Date

    • Notes (optional)

  7. Choose:

    • Add Loan – to provide a loan or advance

    • Deduct Loan – to start recovery from the salary

  8. Tap Save

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Watch Video: Managing Loans

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