To pay an installment in a loan
- Select “Payroll” from the navigation menu.
- Click “Loans“.
- Click on the loan you wish to add a payment to.
- Find the loan details; the employee loaned, the installments count and list including their status (Paid or Unpaid).
- Click the button “Pay Installment“.
- Fill in the payment information
- Installments:
- Click to view a list of the installments count and amount due for payment.
- Select the next first installment due for payment.
- Payment Date: Select the date of the payment.
- Payment Account: Select the account you wish to receive the payment into.
- Installments:
- Click “Save” once you’re done.
- You will display an updated view of the loan and the installments statuses, plus the date of the next first unpaid installment.