The outstanding amount refers to the balance remaining on a loan given by an employer to its employees. It is calculated by subtracting the total amount repaid through EMIs from the original loan amount.
To find the details of all the outstanding loans, navigate to Payroll (1) >> Reports (2) and select the Payroll, Contributions & Tax (3) tab.
On this page, scroll down to the Loan Reports section and select Outstanding Loan Report.
In the Outstanding Loan Report window you can see the list of employees of your organisation. You can then further filter the report based on factors like the Pay Group, Business Unit, Location, Cost Center, and more.
Scroll towards left to see the Outstanding Amount for the loan policies assigned to the employees.
Now You can download the report from this page by clicking on the Download icon.
These are the steps to generate and download the outstanding loans report. For more clarifications, get in touch with us today!
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