This article guides the steps to override the loan instalment manually and in bulk as well. In the manual process, you can make changes in the loan instalment amount for subsequent months whereas in bulk process it can be done only for current payroll month.
To manually make changes in loan instalment go to Transactions menu >> under Loan section >> click on Disburse loans
In Disburse Loan page, you can able to see the list of loan records, search for employee/loan record in which you want to make the changes and click on View/Edit option
In the loan page, in the loan instalment grid, click on Reschedule icon.
After clicking on the Reschedule icon, the system will take you to the reschedule pop-up window, in which you can make the changes in the loan instalment amounts.
Difference of loan amount can be either adjusted in the subsequent months or the same can be adjusted by adding a new instalment month, to add new installment click on Extend Month button, after clicking on that one extra month will be added to the list and in that, you have to enter the difference loan instalment amount.
After the necessary changes click on the Apply to save.
To make bulk changes in loan instalments using importer go to, Run Payroll wizard, in Pay Adjustment section, click on the drop down next to Employee-wise Pay Adjustment and click on Import Loan Adjustment
Download the template, using which loan instalment amounts can be altered and uploaded.
Please note that loan importer template fetches the existing loan records, users need to make changes in loan instalment amount only. If there are no loan records added for any employee then the blank template will be downloaded which can not be uploaded.