Configure loans

You use this part for personnel loans from the employer to employees. If you are only using Profit HR, you record all loans and repayments in Profit HR. In combination with Profit Payroll it is possible to pay out the amount of the loan together with the salary and to deduct the repayments from the salary.

Description

With Profit, the loan types with the below numbers are supplied:

  1. Loan with interest
  2. Loan with exempted interest advantage
  3. Loan with conditional repayment
  4. Loan payable on demand
  5. Other loan

Each loan type has its own set of wage components, which allows you to use different ways of journalising per loan type. The number in the description of the wage component corresponds to the number of the loan type, as in the following wage components:

  • Uitbetaling lening 1
  • Aflossing lening 1
  • Saldo van lening 1 begin periode (wordt niet gejournaliseerd)
  • Saldo van lening 1 einde periode (wordt niet gejournaliseerd)
  • Rente lening 1
  • Rentevoordeel lening 1 (wordt niet gejournaliseerd, want dit is alleen een bijtelling)

    Note:

    Each wage component has a comment in which the operation of the wage component is explained. Always take a look at this explanation on the Comment tab in the properties of the wage component in the CLA. If you do not have the wage component available, first activate it.

If an employee has multiple loans, the accumulated interest rate is displayed in the Field for quantity of the Rente lening [nummer] wage component. To prevent this, you can clear this field in the wage component properties.

The difference in loan types is not intended to enable journalising per employee. For this purpose, you can use the Deviating ledger account functionality.

Procedure

Also see