+ Manage Loan Request of Employees. Double Layer Approval of Hr Department and Accounting. +
++ OpenHRMS Loan is a component of OpenHRMS suit. OpenHRMS Loan module helps the user to configure different loan policies, assign approval authority. +
++ Conduct the approval process and sanction loan for employees. +
+ Create Journal Entries for loan request. +
+ Enable the option "Loan Approval From Accounting Department" In Accounting Settings. +
++ Once the HR department has given the Approval, the accounts department take the decision. +
++ When we create the payslip, all the pending installments of the month will be listed there. +
++ Employee can create loan request +
+ ++ Double approval from both HR & Accounting department. +
++ Amount will automatically deducted from the payslip of the corresponding month. +
++ This module manages employee loan requests with a double-layer approval from the HR and Accounting departments, while also generating accounting entries. +
++ Loan requests go through HR approval first, followed by Accounting approval before being processed. +
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