Staff loan code

SOLVED

Good morning 

Please advise how to add a staff loan code to the payroll.

Thank you

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  • 0
    verified answer

    Hello Fra.

    Thank you for your question asked.

    Please follow these steps shared below:

    To add a loan click on the + sign next to deductions on the employee’s payslip

    Select loan>enter the balance >enter the deduction amount.

    Once done. please click on Save.

    Regards

    Sharon-Country Community Lead

  • 0 in reply to Shazi

    Good morning Shazi

    Thank you for your response.  My payroll wouldn't allow me to add the loan balance to the Deductions Screen.  I added the loan balance to the Default Screen using code 8150.  Is this correct?  The loan will be paid to the employee over three months, and will then be payable over 3 months next year.  Would I be able to add the 2nd and 3rd payments to the ee as I did with the first payment?  When the loan is payable, then I would capture it on the Deductions page, correct?

    Regards  

  • 0 in reply to Fra

    Hello Fra

    On Sage Business Cloud Payroll we don't have a code linked to 8150. 

    Please confirm if you are using Pastel Payroll OR the online payroll product.

    Regards

    Sharon

  • 0 in reply to Shazi

    Good morning.  Yes I use Pastel Payroll.

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