1 Description | 2 Entry Code Script | 3 Field Specification | 4 Other

Summary	Entry code for Loan/Deduction
Category	Entry Code

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Description

This article explains how to set up an entry code in AdonisHR for a recurring monthly Loan or Deduction, which stops automatically when a predefined total amount has been reached.

Entry Code Script

L71=L21               //L21 should contain the full Loan/Remaining Balance. The system will automatically reduce this amount during Close Month
L61=L23  			  //L23 contains the amount to be deducted for the person each month. 

IF L61>L21 THEN       //In the final month, if the amount is larger than the reamining balance, only the remaining balance will be deducted
L61=L21               
ENDIF

Field Specification

General tab

Make sure the Entry Code is set as a Deduction

Options tab

The option “Reduction at Period Closing” makes the Balance set in L21 be reduced with the amount deducted in the current month during Close Month routine.

Payslip tab

To display both the Balance and Amount deducted, set as following:

Other

When entering on a person, make sure the From field is set to make the entry code appear automatically in the next month: