Once you've set up an employee loan, process it as part of your pay run.

The amount of the loan deducts directly from the employee's net pay each pay period. This continues until the employee repays the full amount, or you write it off.

Process a loan

Sage 50 Payroll automatically calculates the loan deductions, after tax and national insurance, according to the amounts entered in the employee's record.

 NOTE: If you want to process the payment of the loan through Sage 50 Payroll, you can set up a post tax, post national insurance. Use our guide to set up payments. 

Confirm the correct value deducts:

1. Select the required employee, then click Payroll.
2. Click Enter Payments, then click Loans.
3. For the relevant loan, check the value in the Repayment Made column, then click Close.