Salary Advance

What is Salary Advance?

Salary Advance is a amount that an employee can get from his salary before the completion of the month. 

This amount is recovered in the same month. 

The maximum amount that can be applied as Salary Advance is configured while configuring the Payroll Package for an employee. 

How to create a Salary Advance for an employee?

To create a Salary Advance for an employee, 

Select Salary Advance from Human Resource Menu.

Click Create New button.

Enter the details as per the image below.

 Click Add button to create Salary Advance for the selected employee.

Note: 

• Salary Advance for an employee can be created only if that employee is configured in Payroll Configuration as in the below image.
• An approved Salary Advance cannot be edited.
• An applied Salary Advance can be edited but the amount cannot be set less than applied. 
• When a part of the Salary Advance has been recovered already, it cannot be edited. 
• Salary Advance cannot be applied for the amount greater than Salary Advance Limit Set in Payroll Configuration for the selected employee.