Automatically closing the loan details#

In this release, an option has been introduced where in on completion of the loan installment, the application will automatically close the loan. This will work when the loan amount becomes “zero” after the last installment is paid off.

The admin has to set this option under preferences.

Steps:

  1. Go to System > Preferences
  2. Select Payroll > Loan
  3. Tick the option “Close Loan if the balance is zero” and click Apply.
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This page (revision-) was last changed on 19-Aug-2011 12:42 by Bhanumati