Shreya Shah 4dc453d131 Loan Management for the Members (Non Profit Module) (#13149 )

* Renamed - Employee Loan Application to Loan Application, Employee Loan to Loan and field Employee Loan Account to Loan Account

* Patch added

* Dynamic link fields 'applicant' and 'applicant_type'

* Member link visible only if domain non profit is active

* Modified loan_dashboard

* Make Repayment Entry button

* Common file loan_common.js for loan and loan_application

* repayment schedule rows selection in dialog

* validation if repayment amount > total paid amount

* repayment only if disbursement is done, make repayment by selecting the installment which falls in the current month

* fetch nowdate if disbursement date not found

* Rebased with develop

* updated non-profit module page

* updated patch for renamed fields

* dialog to select repayment entries

* hidden field to store reschedule paid status

* update paid check in loan on journal entry updation

* calculate total paid

* updated docs

* codacy fix

2018-04-24 12:19:36 +05:30

3.1 KiB

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Loan Management

This module enables companies which provides loans to define and manage loans. Employees can request loans, which are then reviewed and approved. For the approved loans, repayment schedule for the entire loan cycle can be generated and automatic deduction from salary can also be set up.

Loan Type

To create a new Loan Type go to:

Human Resources > Loan Management > Loan Type > New Loan Type

Configure Loan limit and Rate of interest.

Loan Application

Employee can apply for loan by going to:

Human Resources > Loan Management > Loan Application > New Loan Application

In the Loan Application,

Enter Employee details and Loan details
Select the repayment method, and based on your selection enter Repayment Period in Months or repayment Amount

On save, Employee can see Repayment Information and make changes if required before submitting.

Loan

Once the Loan is approved, Manager can create Loan record for the Employee.

Human Resources > Loan Management > Loan > New Loan

In the Loan,

Enter Employee and Loan Application
Check "Repay from Salary" if the loan repayment will be deducted from the salary
Enter Disbursement Date, Repayment Start Date, and Account Info
If the amount has been disbursed and status is set to "Disbursed", as soon as you hit save, the repayment schedule is generated.
The first repayment payment date would be set as per the "Repayment Start Date".

Loan Repayment for Members

After submitting the document, if the status is "Disbursed" and "Repay from Salary" is unchecked, you can click on "Make Repayment Entry" and select the payments which haven't been paid till date.
After selecting the rows, you will be routed to Journal Entry where the selected payments will be added and placed in their respective Debit/ Credit accounts.
On submitting the Journal Entry, "Paid" will be checked in the payment rows of the Repayment Schedule, for which the Journal entry has been created.

Loan repayment deduction from Salary

To auto deduct the Loan repayment from Salary, check "Repay from Salary" in Loan. It will appear as Loan repayment in Salary Slip.

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