Calculating Loan Payments

Loan payments (using deduction EMPRESTIMO) are calculated using formula EP FM EMPRESTIMO.

Whenever you calculate a given pay process (such as normal payroll, vacation, 13th salary or termination) the system checks for any outstanding loan installments for the employee in that month and whether adjustments were made. Loan payments are then automatically deducted from the employee's salary. After the deduction, the system stores these values for historical purposes.