Loan Waiver/Closure allows users to waive/close the whole pending loan amount for the selected employees.
Path in Paybooks 2.0: Go to Transactions section >> under Loan >> click on Closure/Waiver
Path in Paybooks 1.0: Go to Transactions menu >> Manage Loans >> Loan Waiver/Closure
Ø Enter Waiver Date
Ø Select the Employee Name & the Loan Name from the Dropdown lists.
Ø Information in the rest of the fields will be populated automatically i.e., Loan Amount, Waived Amount and Amount Paid Till Date
Ø Enter Comments i.e., descriptions / reasons for waiving off loan amount, if any
Click on save to save the information