Steps
- Go to Payroll → Loans: employee, purpose, amount, months, method and interest.
- Choose Paid out from a bank account - or an existing balance (e.g. an IOU being converted).
- Installments are reserved by a draft run and paid when the run is approved.
Good to know
- A wrong loan can be corrected: what was deducted stays, only the rest is rescheduled.