Correcting Incorrect Loan Data

Prerequisites

You have created a loan but discovered that you have entered incorrect data. This means that you must correct the appropriate loan values. Such corrections may be required for the fields which are necessary in creating new loan data

Please note that such corrections should not be a trigger retroactive accounting. That means data in the past should not be corrected. Only the future part can be corrected. And there are two ways in correcting incorrect loan data.

In Case of Correcting the Data Concerned with Payroll Calculation

E.g. correcting repayment plan, Valid date, Loan payment date, Repayment start, Loan amount and Taxed and so on.

  1. Select Human resources ® Personnel management ® Administration ® Maintain master data.
  2. Enter the employee's personnel number.
  3. Enter 0045 in the field Infotype and the loan that must be changed in the field Subtype.
  4. Activate the function Copy.
  5. If data has been created for more than one loan, use the scroll function to select the loan you want to copy.
  6. Correcting data on Infotype screen and change valid date.
  7. Create repayment plan via Repayment plan (see Changing repayment plan).
  8. Save your entries.

In Case of Correcting only the Date not Concerned with Payroll Calculation

E.g. the case not included above.

  1. Select Human resources ® Personnel management ® Administration ® Maintain master data.
  2. Enter the employee's personnel number.
  3. Enter 0045 in the field Infotype and select the required loan type in the field Subtype.
  4. Activate the function Change.
  5. If data has been created for more than one loan, use the scroll function to select the loan you want to copy.
  6. Correcting data on Infotype screen. But don’t change Valid date and Sequential number.
  7. Please save your entry.

Result

Incorrect loan data is corrected for the employee selected.