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Question on Indirect results through Recurring information element
We have a requirement, currently we are using payroll elements to Pay the Loan and to recover the installments of loans through Payroll.
In order to achieve this, we have configured 2 Elements, one for Earning (Payment) which is non recurring and one for Deduction, Recurring.
currently, once loan is approved, HR User is manually attaching the Loan Payment Earning Element for Payment and Loan Deduction Element for installment deduction.
The Payment Element is Non Recurring Earning Element which has Input of Amount only.
The Deduction Element has Following Input Values,
Total Approved Loan, Total Disbursed Loan, Number of Installments, Installment Amount, Recovered Amount, remaining Balance.
In order to achieve this, we have configured 2 Elements, one for Earning (Payment) which is non recurring and one for Deduction, Recurring.
currently, once loan is approved, HR User is manually attaching the Loan Payment Earning Element for Payment and Loan Deduction Element for installment deduction.
The Payment Element is Non Recurring Earning Element which has Input of Amount only.
The Deduction Element has Following Input Values,
Total Approved Loan, Total Disbursed Loan, Number of Installments, Installment Amount, Recovered Amount, remaining Balance.
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