Releasing Loan Payment

Prerequisites

If the prerequisites for a loan payment have been met, you can release the loan for payment. If the loan is paid in several partial amounts, several loan payments are required.

Procedure

  1. Choose Human resources ® Personnel management ® Administration ® Maintain master data.
  2. Enter the employee's personnel number.
  3. Select Infotype 0078 Loan Payments and specify the appropriate payment type, loan payment (external) or loan payment (payroll), in the field Subtype.
  4. Select the function Create.
  5. Specify the loan that must be processed in the field Loan type and the number pertaining to the loan in the field Sequential number. You must also enter the Date of payment and Amount of payment.
  6. Save your entries.

Result

The loan is released for payment.