Advances & Loans

Manage employee financial requests and automate recovery through payroll deductions.

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Salary Advances

Employees can request a portion of their upcoming salary early. Once approved by HR and disbursed by Finance, the system automatically flags this amount.

During the next "Run Payroll" cycle, the advance amount is automatically deducted in full from their net pay, ensuring the hospital's cash flow is reconciled without manual intervention.

Loans & EMI Tracking

For larger financial assistance (e.g., medical emergencies, marriage loans), the hospital can grant an Employee Loan.

• EMI Setup: You define the loan principal and the monthly Equated Monthly Installment (EMI) amount.
• Automated Recovery: Every month, the payroll engine deducts the EMI until the principal is fully recovered.
• Ledger Integration: These transactions map directly to the Finance module, updating the "Employee Loans Asset" ledger.