FlairSuite video tutorial
Give employees a loan with Batch Process
Open Batch Process under Additions and Deductions, enter a loan for an employee in the Batch Loan wizard, review it and send it for approval.
Transcript
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Welcome to FlairSuite. Following on from the employee profile and salary change videos, we will now give an employee a loan with Batch Process and send it for approval.
First, sign in with your username and password.
Under Employees, Additions and Deductions, open Add - Deductions Process, the Batch Process screen. Its Quick Access cards gather loans, overtime and attendance deductions in one place, and any other additions and deductions your company sets up appear here too. Click Loan.
The loan wizard starts with the month the repayments begin. Pick it from the calendar, then click Next.
Search for the employee by name or employee number. Enter the total loan amount and the number of months to repay it over. The monthly repayment is worked out for you, and it can't be more than the employee's monthly pay.
Click Next to review the loan: the start month, the employee, the total, the months and the monthly repayment. If everything is right, click Send to Approval.
Like a salary change, a loan only applies once someone approves it. Here we are allowed to approve it ourselves, so we add a short comment and click Approve.
Once approved, the loan is repaid from the employee's salary, a fixed amount each month from the month you chose. Thank you for watching.
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