How do I add a loan deduction to an employee's record?

How do I add a loan deduction to an employee's record?

The loan component can be added to an employee after it can been configured on company level.

Step 1: Search for and select the Loan Deduction component.

      Navigate > Configuration > Payroll > Payroll Config > Payroll Components

      
      

            

Step 2: Add the Loan Deduction component to the employee's Recurring Payroll Component screen.

      Navigate > Employee > Payroll Processing > Recurring Payroll Components > Deductions