Loans and advances
Repayment schedules deducted through payroll, with fringe benefit tax worked out when a loan is below the market rate.
After launch. Plus.
| Employee | Balance | Monthly repayment | Rate |
|---|---|---|---|
| B. Otieno | 120,000.00 | 10,000.00 | 3% |
| C. Mutua | 24,000.00 | 4,000.00 | 0% |
Schedules that run themselves
Issue a loan with a schedule preview and repayments deduct in each run. Pause, top up, settle early or write off when you need to.
FBT included
Below-market loans get a monthly FBT figure on the schedule and P10 Sheet D. The current market rate is in the rule set.
A sub-ledger your accountant can check
Disbursements and repayments post to Staff Loans Receivable, so the loan statement agrees with the ledger.