To manage a loan when an employee pays EMI using cash, cheque, or a bank transfer, perform the following actions:
- Navigate to Payroll > Payroll Inputs > Loan. The Loan page opens.
- From the Search Employee search box, select the employee whose loan you want to manage. Employee's loan details appear.
- Under the Loan Repayments tab, double left-click in the table and enter the details in the Date, To Principal, To Interest, and Amount column.
- Click Save. The payment is now reflected under the General tab.