If you give an employee an amount of money to repay over a period of time, use the loan option to record this.

This deducts the amount directly from their net pay. You can then set the total amount due and the amount the employee will pay each period, until they reach the total loan amount.

You can also check amounts outstanding at the beginning and end of each pay period.

Set up a loan

1. Double-click the required employee, then click the Employment tab.
2. Click Pay Elements, then click Loans.
3. On the next available line, click the Description finder button, then click New.
4. Enter the following information:
   
   

   Reference	This number appears automatically and you can't edit it.
   Description	Enter the loan name.
   Loan Amount	Enter the total amount of the loan.
   Normal Deduction Rate	Enter the amount to deduct per pay period.
   Transfer to Sage P11D	Select this checkbox if you want to transfer the loan information to your Sage P11D software.

5. Click OK, then confirm the date in the Start Date box is correct.
6. Click Save, then click Close.